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    Home > Chemicals Industry > New Chemical Materials > May 17 Shanghai aluminum morning review

    May 17 Shanghai aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Overnight, the main contract of Shanghai aluminum opened at 14,780 yuan / ton, and at the beginning of the session, under the active entry of bulls, the aluminum price quickly rose to touch 14,890 yuan / ton, and then the short profit taking drove Shanghai aluminum gave up part of the rise to close at 14,845 yuan / ton, and the Shanghai aluminum index position increased by 7,018 lots to 667,000 lots
    .
    Short-term aluminum price volatility, medium-term strong view maintained, the current need to continue to pay attention to the spot market discount and transaction activity changes and Sino-US trade friction progress, it is expected that today's Shanghai aluminum main contract shock operation at 14750 ~ 14950 yuan / ton, spot discount 100 ~ 60 yuan / ton
    .

    Shanghai aluminum

    Due to the recent stabilization of aluminum prices, the willingness to buy downstream is strong, the inventory of raw materials in the factory has been high, and the orders have remained stable, and there is no sustained growth momentum, so the buying interest is obviously weakened, the transaction of aluminum rods is not good, and the overall transaction in the Guangdong market is poor
    .
    On the whole, inventories are at a high level, but downstream demand is gradually picking up
    .

    Shanghai aluminum night trading rose sharply, is expected to approach 15,000 yuan possible, aluminum prices resisted the decline obviously, cost support is solid, domestic total inventory pressure or pressure, it is expected that today's Shanghai aluminum center of gravity or further up
    .

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