echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > May 18 aluminum market noon review

    May 18 aluminum market noon review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market afternoon comment: the global stock market rose to encourage market sentiment, overnight Lun aluminum closed up 1.
    66%; Domestic electrolytic aluminum production continues to be released, downstream demand performance is weak, market trading is cautious wait-and-see, it is expected that aluminum will fall
    slightly.

    Aluminum City

    Overnight, Lun aluminum stabilized and rose slightly at the 5-day moving average, opening slightly higher at $
    2885 today.
    Shanghai aluminum opened high overnight, the shock fell slightly, closed at 20405.
    Shanghai aluminum trading positions are down, market sentiment is biased towards neutral
    .
    The Russia-Ukraine conflict is still fierce and market uncertainty is high
    .
    The trend of London aluminum has improved, aluminum prices have fluctuated at a short-term low level, the epidemic situation in Shanghai tends to stabilize in the medium term, the consumption side has improved, and the internal market is expected to take the lead in stabilizing and rebounding
    .
    Upper pressure 22000, lower support 19000
    .

    After the shutdown of the Yunnan aluminum plant accident and the release of macro favorable sentiment, the market will still pay attention to whether the actual demand can be made up
    sooner.
    Monday inventory data showed that aluminum social stocks continued to decline by more than 10,000 tons, and the elasticity of demand has not yet been clearly reflected
    .
    Shanghai aluminum rebound in the important position of 21,000 yuan There is greater pressure, or continue to see around 20,000 to wait for further verification
    of consumption.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.