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    Home > Chemicals Industry > New Chemical Materials > May 25 Shanghai aluminum brief comment

    May 25 Shanghai aluminum brief comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's aluminum price has a gradual trend, maintaining a narrow range of volatility, as of the close of 3 pm, Shanghai aluminum main 2107 contract closed down at 18370, down 45, or 0.
    24%.

    Shanghai aluminum

    From the current inventory data, this Monday still maintained a destocking trend, the total domestic aluminum ingot inventory has fallen below 1 million tons, in addition to the current downstream consumption is mainly driven by profiles, in the real estate and other orders continue to pick up, peak season consumption can be maintained, aluminum prices below to get some support; However, with the gradual entry into June, the consumption off-season is coming, and the production restriction policy in Yunnan, Inner Mongolia and other places is still continuing, the subsequent market may face a weak supply and demand situation
    .

    Overall, in the short term, under the support of destocking, the decline in aluminum prices may slow down, but under the weakening of macro sentiment and the pressure of policies, there is still a possibility of downward exploration of subsequent aluminum prices, short-term Shanghai aluminum main force can pay attention to 1.
    78-18,400 narrow range oscillation, operationally can wait and wait for the pullback buying opportunity, it is expected that tomorrow's spot aluminum shock is weak
    .

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