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September 2 aluminum market morning review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Aluminum market morning comment: the US dollar index reached a new high, crude oil and natural gas prices fell sharply, and overnight external metals fell
across the board.
The LME three-month aluminum price fell 2.
45% to $2305/mt
.
Shanghai aluminum night trading was in a narrow range, and the main 2210 contract closed slightly above 17915 yuan / ton
.

Aluminum City

In the morning, the spot market as a whole improved, prices fell sharply, holders were reluctant to sell, downstream receiving efforts rebounded, and traders also performed more positively
.
The mainstream trading price in Shanghai is around 18,360 yuan / ton, which is about 50 lower than that of futures
.
The mainstream transaction price in Guangdong is around 18190 yuan / ton
.

The downward pressure on the domestic and foreign economies has risen, triggering pessimistic expectations for consumption
.
In the short term, due to the temporary limited pressure of production reduction and supply in China, the traditional peak season is coming, and consumption is expected to improve marginally, but the uncertainty caused by the current domestic epidemic and other factors is still large
.
In the overt inventory is low and the macro sentiment is pessimistic, the short-term aluminum price or repeated volatility
.
Operationally, it is recommended to rebound the short idea
.

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