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    Home > Chemicals Industry > New Chemical Materials > November 11 Shanghai aluminum brief comment

    November 11 Shanghai aluminum brief comment

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today, Shanghai aluminum continued to rise, as of the close of 3 pm, the main 2012 contract of Shanghai aluminum closed up at 15180, up 235, or 1.
    57%.

    Boosted by macro and domestic fundamentals, aluminum prices have risen to a new high recently, and the main force of Shanghai aluminum has continued to rise after breaking through the 15,000 mark
    .

    Shanghai aluminum

    Under the macro and fundamental resonance, Shanghai aluminum continued to fluctuate strongly
    .
    At the beginning of the week, the social stock of aluminum ingots fell by nearly 20,000 tons to 630,000 tons, which is close to the lowest point
    of the year.
    At present, there is no sign of weakening downstream, inventories will reach new lows, and long-term negotiation nodes have a strong willingness to raise prices
    .
    It is expected that the Shanghai aluminum back structure will continue for a long time, and aluminum prices are expected to remain high
    .

    At present, downstream consumption still has no signs of weakening, and inventories are close to the lowest point of the year under the continuous decomposition, in the short term under the support of various favorable Shanghai aluminum or is expected to maintain a high level of operation, the follow-up can continue to pay attention to spot premium changes and macro policy guidance, the operation can be bought on demand, it is expected that tomorrow's spot aluminum will continue to rise, the range is about
    50-100.

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