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    Home > Chemicals Industry > New Chemical Materials > October 20 Shanghai aluminum brief comment

    October 20 Shanghai aluminum brief comment

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Shanghai aluminum weakened slightly today, as of the close of 3 pm, the main 2011 contract of Shanghai aluminum closed down at 14750, down 85, down 0.
    57%.

    Shanghai aluminum

    On a macro level, U.
    S.
    House Speaker Nancy Pelosi and Treasury Secretary Mnuchin narrowed their differences on the stimulus package, and the two sides plan to continue negotiations
    on Tuesday.
    A Pelosi spokeswoman said that by Tuesday, it will be clear whether the stimulus bill
    can be passed before the election.
    China's GDP in the first three quarters increased by 0.
    7% year-on-year, turning from negative to positive
    .
    Third-quarter GDP grew 4.
    9% year-on-year, down from 4.
    9% expected by 5.
    2% and below expectations of 5.
    2
    %.

    In the short term, as aluminum prices gradually rise to recent highs, the market is afraid of heights, and aluminum prices may continue to run weakly under the lack of actual favorable support; At the same time, considering that there are many macro uncertainties at present, there is still a possibility of further weakening of Shanghai aluminum in the future, the main force can pay attention to the range of 1.
    46-14,800 ranges, and it is recommended to wait and see for the time being, and it is expected that tomorrow's spot aluminum shock is weak
    .

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