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    Home > Chemicals Industry > New Chemical Materials > September 15 aluminum market noon comment

    September 15 aluminum market noon comment

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: Europe and the United States August PPI was less than expected, overnight Lun aluminum suffered a setback to close down 1.
    34%; Macro bearish pressure is colored, domestic market supply and demand are weak, downstream goods cautious trade atmosphere is light, it is expected that aluminum will continue to fall
    .

    Aluminum City

    On the supply side, it will take time for the production capacity suspended in Sichuan-Chongqing to fully recover, while Yunnan has received a load reduction notice, and the affected production capacity is currently about 520,000 tons, which may expand, and the supply and demand pattern may turn into a tight balance
    .
    On the demand side, consumption may improve month-on-month, but not as much as the same period of previous years
    .

    As the US CPI was higher than expected on Tuesday evening, the Fed's rate hike expectations further developed into a game between 75BP and 100BP, and macro pressure intensified
    .
    In the short term, macro and fundamentals may diverge again, aluminum prices are hindered from rising, and the short-term rebound has turned into a wide range again; In the long run, the general trend of global demand decline is more certain, and the long-term view maintains the downward shift judgment
    .

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