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    Home > Chemicals Industry > New Chemical Materials > September 13 aluminum market noon comment

    September 13 aluminum market noon comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: U.
    S.
    oil rose strongly, and Lun aluminum closed up $92 the next week; In August, the export volume of aluminum increased, the range of domestic electrolytic aluminum production capacity reduction was further expanded, and the market entered the traditional consumption season.

    Aluminum City

    Last Friday, Lun aluminum rose sharply to close Changyang and hit a new high, opening slightly higher at $
    2932 today.
    Shanghai aluminum opened high and rose sharply to a new high overnight, closing at 23240
    .
    Shanghai aluminum trading positions are rising, and the market sentiment is optimistic
    .
    Global aluminum demand is better, and the middle line of Shanghai aluminum may continue to fluctuate
    upward.
    Upper pressure 25000, lower support 20000
    .

    On the supply side, Xinjiang and Guangxi have further increased the scale of production restrictions affected by the dual control of energy consumption, and although the power rationing policy in Yunnan has been eased, the magnitude and progress of resuming production are slow, so the supply and demand situation is still tight
    .
    The recent impact of overseas production of alumina and the impact of domestic aluminum enterprise stockpile, etc.
    , the price continues to rise, coupled with the Guinea incident, it is expected that the upward trend will be difficult to slow down, and the cost center of gravity will move up rapidly
    .
    From a fundamental point of view, supply and cost support prices strongly, while the expectation of peak demand season is still there, so aluminum prices will continue to run at a high level, and more orders can continue to be held
    .

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