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May 13 aluminum market afternoon review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Aluminum market afternoon comment: U.
S.
April inflation exceeded expectations hit market sentiment, overnight Lun aluminum closed down $37, electrolytic aluminum new production is accelerating, high prices inhibit downstream consumption, it is expected that aluminum will fall
today.

Aluminum City

Overnight, Lun aluminum fell sharply to close the long black line, opening slightly lower at $
2487 today.
Shanghai aluminum rose slightly on the day, opened low and fell sharply in the night, closing below the 5-day moving average at 19710
.
Short-term Shanghai aluminum is facing pullback pressure and may enter a shock, and it is still possible to rise again after the medium-term momentum
.
Upper pressure 20000, lower support 19000
.

On the macro front, the monetary policy of major central banks remained loose, vaccination accelerated, lockdowns were about to be lifted in Europe and the United States, and economic recovery accelerated; Long-term carbon neutral demand expansion superimposed supply has ceiling restrictions, short-term consumption is suppressed by high-priced aluminum, but resilient, it is recommended to over-fall long, short-term wait-and-see
.

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