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November 23 Shanghai aluminum brief comment

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

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As of the close of trading at 3 p.
m.
, the main 2012 contract of Shanghai aluminum closed up at 15865, up 50, or 0.
32%.

Due to bad weather, the recent northern transportation is inconvenient, this phenomenon or to a certain extent to cause the spot circulation to become more and more tight, in addition, the current domestic automobile and other industry demand is still relatively stable, short-term in the supply and demand side of the stable operation of aluminum prices or continue to run at a high level, the main force above continue to pay attention to the 16,000 pressure level, the operation can be bargain bargain appropriate buy, the spot aluminum shock is stable
.

Shanghai aluminum

In terms of fundamentals, with the peak season after downstream consumption or ushered in a gradual cooling, but the fourth quarter consumption is still generally supported, in addition to the increase trend of supply is also worth paying attention to, it is expected that aluminum prices continue to maintain a pattern of near strength and far weakness, the medium-term rally slows down, and may gradually return to shock.

Overall, the global manufacturing industry recovery is strong, aluminum fundamentals have improved, Biden's victory after the multilateral cooperation of countries smoother, the global economic recovery has been promoted, it is expected that the short-term aluminum price trend will continue to be strong and volatile, pay attention to social inventory data, whether there will be inventory continued accumulation performance, it is recommended to continue to hold
.

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