echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > September 13 Shanghai aluminum brief comment

    September 13 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's dollar index rose, recording gains for the second day in a row, the metal market was mixed, as of the close of 3 pm, the main 2110 contract of Shanghai aluminum closed at 23610, up 990, or 4.
    38%.

    Shanghai aluminum

    At present, the impact of dual control of energy consumption on the supply side is still one of the main driving forces to promote the rise in aluminum prices, and the backward shift of Taper's expectations on the macro level has also raised the market's bullish sentiment; However, from the demand side alone, the excessive aluminum price suppresses the downstream procurement desire, the peak season performance is not as expected, orders for construction profiles and other orders have not increased significantly, and the problem of lack of "core" in automobiles continues, and the risk of peak season is enhanced
    .

    Overall, under the support of bullish superposition, the overall aluminum price is biased towards strong operation, but from a technical point of view, intraday market transactions tend to increase, positions have fallen sharply, need to be vigilant against bulls profit exit, night trading gains or will slow down, it is recommended that more orders can be appropriately reduced, it is expected that tomorrow's spot aluminum will continue to be high
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.