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    Home > Chemicals Industry > New Chemical Materials > May 6 Shanghai aluminum brief comment

    May 6 Shanghai aluminum brief comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum prices fluctuated higher on Thursday, and as of the close of 3 p.
    m.
    , the main 2106 contract of Shanghai aluminum closed up at 19385, up 500, or 2.
    65%.

    Shanghai aluminum

    On the plate, the current internal and external market rally is more ferocious, Lun aluminum after last week broke through the 2400 mark further to the 2500 mark further impact, and domestic spot has stood at a high of 19,000, short-term aluminum prices will continue to rise, above the focus on the 20,000 mark, Shanghai aluminum main force temporarily look at 1.
    92-19,500 range shock, the operation upstream and downstream can be a small amount of on-demand procurement, middlemen fast forward and fast out, is expected to spot aluminum continue to rise
    .

    At present, overseas macros still dominate the trend of non-ferrous metals, inflation trading is still mainstream, and Yellen's subsequent revision of interest rate hike statements has also rekindled
    market sentiment.
    It is expected that aluminum prices will remain strong in early trading, and spot prices will remain flat or discounted, reflecting that consumption is relatively difficult to move up
    .
    Shanghai aluminum should still be allocated as a long variety, its supply and demand contradiction is difficult to solve, and storage is still an uncertain factor, high aluminum prices make the terminal more uncomfortable
    .

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