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    Home > Chemicals Industry > New Chemical Materials > May 26 aluminum market afternoon comment

    May 26 aluminum market afternoon comment

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market afternoon commentary: US economic data weak investor concerns heated, overnight London aluminum closed down 0.
    31%; Domestic aluminum supply increased, but the recent favorable policies encouraged market sentiment, aluminum prices fell limited, and aluminum may rise slightly
    .

    Aluminum City

    Overnight, Lun aluminum bottomed out and closed in a small negative, opening slightly higher at $
    2869 today.
    Shanghai aluminum opened slightly lower in the night session, and the shock rose to close at 20565
    .
    Shanghai aluminum trading positions rose slightly, and market sentiment was slightly optimistic
    .
    The Russia-Ukraine conflict is still fierce and market uncertainty is high
    .
    The epidemic situation in Shanghai tends to stabilize, and the consumption side improves
    .
    Shanghai aluminum and aluminum have reflected some support below, and may continue to fluctuate, waiting for further news
    on the situation in Russia and Ukraine.
    Upper pressure 22000, lower support 19000
    .

    In general, the impact of the epidemic has weakened, and the number of enterprises resuming work and production has increased, but the signs of conversion into terminal order increments are not obvious, and there is still no possibility of consumption improving beyond expectations, short-term domestic supply pressure is still large, and aluminum prices are under pressure above, maintaining a weak shock pattern
    .

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