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    Home > Chemicals Industry > New Chemical Materials > September 1 aluminum market morning review

    September 1 aluminum market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: The main force of Shanghai aluminum fell yesterday, opening at 14660 yuan, the highest intraday 14690 yuan, the lowest 14480 yuan, to the close of 14540 yuan, down 65 yuan, down 0.
    45%.

    In terms of external trading, LME03 aluminum was quoted at $1798 as of 2:00 on the 29th
    .
    The Shanghai-London ratio continued to narrow slightly to 7.
    964
    .

    Aluminum City

    Overall, in terms of raw materials, alumina prices have bottomed out, and the profits of the electrolytic aluminum industry are still at a high level; From the perspective of supply and demand, domestic off-season inventories accumulated slightly in July and August, foreign LME inventories continued to destock, internal and external inventories showed a trend of differentiation, and the marginal weakening of supply and demand structure
    .
    The overseas economy is in the recovery stage, the economic data has improved, and we are paying close attention to the emergence
    of the inflection point of the epidemic.

    In the future, the pressure on the supply side is expected to be expected, the downstream start remains stable, and it is about to enter the consumption season, and aluminum prices are expected to remain high
    .
    Operationally, it is recommended to speculate long orders to continue to hold, set protective stop losses, chase long attention to the risk of high volatility, and new orders are recommended to wait and see
    .

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