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November 13 aluminum market noon comment

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Aluminum market noon comment: the positive news of the new crown vaccine continues to ferment, overnight Lun aluminum continued to close strongly up $11, the domestic consumer market performance is not light in the off-season, spot inventory is close to the low level at the beginning of the year, it is expected that today's aluminum rises
.

Aluminum City

Overnight, the high of aluminum continued to rise, closing in Zhongyang, hitting a new high, closing at $
1927.
5.
Shanghai aluminum night opened high and closed Xiaoyang, a new high, closing at 15420
.
Shanghai aluminum trading fell and positions rose, and the market remained optimistic
.
Domestic spot supply and demand are basically balanced, but the recent rebound in automobile and home appliance consumption supports aluminum prices, while the strong external market drives domestic optimism, and Shanghai aluminum may continue to rise with the external market
.
The upper pressure of Shanghai aluminum is 15600, and the lower support is 15000
.

Under the macro and fundamental resonance, aluminum prices continued to refresh new highs
in the past 2 years.
This week, the social stock of aluminum ingots fell by another 25,000 tons to 620,000 tons
.
At present, there is no sign of weakening downstream, inventory will hit a new low in the year, long-term negotiation node spot price willingness is strong, and it is expected that the Shanghai aluminum back structure will continue for a long time
.
The current spot aluminum price of more than 15,500 yuan is already high, and the profit of aluminum exceeds 2,500 yuan, and it is recommended to gradually lock in profits
.

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