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    Home > Chemicals Industry > New Chemical Materials > October 11 aluminum market noon evaluation

    October 11 aluminum market noon evaluation

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: crude oil higher, the next week Lun aluminum closed up 0.
    59%; Poor domestic manufacturing data has made the market sentiment cautious, Lun aluminum inventory fell to a new 18-month low, the market supply is still insufficient, and aluminum is expected to rise
    today.

    Aluminum City

    On Friday, Lun aluminum rushed back slightly higher, opening slightly higher at $
    2969 today.
    Shanghai aluminum opened high and rose overnight to close in Zhongyang, closing at 23080.
    Shanghai aluminum trading stable position rising, market sentiment is optimistic
    .
    The trend of London aluminum is strong, the short-term stabilization and recovery of Shanghai aluminum, and the middle line is expected to continue to fluctuate
    upward.
    Upper pressure 25000, lower support 21000
    .

    After mid-September, the further increase in costs was not transmitted to the rise in aluminum prices, but compressed part of the profits, which was caused by the low accumulation and downstream operating rate, but the profits were still at a high level
    .
    If the production reduction of aluminum plants continues, it is believed that profits will further expand
    .
    Under the continuous constraint of supply, aluminum prices may still be prone to rise and fall, and the support is strong, but the height and persistence of price increases may be subject to weaker
    demand.

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