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    Home > Chemicals Industry > New Chemical Materials > November 16 aluminum market noon comment

    November 16 aluminum market noon comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: U.
    S.
    inflation soared to raise interest rates to 3%, overnight Lun aluminum closed down $62; The collapse of domestic ferrous metals dragged down aluminum prices, superimposed on the dismal real estate sales data, Shanghai aluminum fell under pressure, and aluminum may fall
    today.

    Aluminum City

    Overnight, Lun aluminum opened high and low, fell 2.
    32%, closing in the middle of the bardo
    .
    Shanghai aluminum opened high and low and fell slightly, closing at 19100.
    Shanghai aluminum trading positions are rising, and market sentiment is more optimistic
    .
    Policy factors have led to inactive trading of Shanghai aluminum, and the future market may continue to rebound with the gradual stabilization and rebound
    of Lunlun aluminum.
    Upper pressure 20500, lower support 18000
    .

    Domestic aluminum prices fell, long departures made Shanghai aluminum retreat again at a high level, East China spot trading in the month of discount around 50 yuan / ton, the next month 12 contract discount around
    110 yuan / ton.
    Social aluminum ingot inventories increased by 16,000 tons from last Thursday, and the re-accumulation of inventories put pressure
    on the spot market.
    The Zhongyuan (Gongyi) area traded 10-30 yuan / ton to East China in early trading, with a slight expansion of the discount, and the short-term is expected to be dominated by Shanghai aluminum
    shocks.

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