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    Home > Chemicals Industry > New Chemical Materials > September 10 Shanghai aluminum brief comment

    September 10 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's dollar index once again fluctuated downward, the metal market rose, and Shanghai aluminum hit a new intraday high today after hitting a new 15-year high yesterday
    .
    As of the close, the main 2110 contract of Shanghai aluminum closed up at 22670, or 1.
    93%.

    Shanghai aluminum

    Aluminum prices continued to rise at a high level during the week, although the state continues to require full efforts to ensure the stability of supply and stability in the electrolytic aluminum industry and prevent malicious speculation and irrational sharp rises in aluminum prices, but driven by the tight balance of supply and demand, aluminum prices are still prone to rise and fall
    .
    In addition, affected by factors such as dual control of energy consumption and international events, the supply of raw materials such as bauxite and thermal coal continues to be tight, which also supports aluminum prices to maintain a high level
    .

    As far as the current domestic market is concerned, the continuous decline in inventory combined with the growing demand in the peak season will be a strong support point for the further rise of aluminum prices, but it is also necessary to be vigilant against the risk of national regulation and market sentiment falling after excessive surge, short-term Shanghai aluminum main force or is expected to hit the 23,000 mark again, if it fails to effectively break through, there may be a risk of falling; The operation loader can take profit appropriately at the high, and it is expected that spot aluminum will continue to run
    at a high level next week.

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