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September 3 aluminum market noon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Aluminum market noon comment: the dollar index continued to rise, overnight Lun aluminum high fell back to close down $28, electrolytic aluminum supply accelerated release impact on the market, downstream consumption has not yet got rid of the off-season effect, it is expected that today aluminum falls
.

Aluminum City

In the market, the price of AOO aluminum ingots in East China was 14,510 yuan / ton, down 200 yuan
.
Domestic electrolytic aluminum supply is accelerating the release, impacting the market, but the short-term increment is limited, the current downstream consumption has not yet got rid of the off-season effect, the recent phased correction of aluminum prices, it is expected that spot aluminum prices will fall
today.

Recently, the Shanghai aluminum shock is weak, and the spot premium of aluminum ingots has fallen back to around
10 yuan.
However, in the case of the cumulative import of primary aluminum from June to August is close to 400,000 tons, the accumulation is still slow, and the recovery of real estate and automobiles supports the expectation of destocking in the peak season, and the expectation of consumption feedback in September is poor
.
At present, inventory levels are at a low level, and the monthly difference maintains a back structure
.
The probability of short-term aluminum price fluctuations is large, it is recommended to sell high and suck low, and pay attention to the trend bullish layout opportunities
at the low level in the off-season.

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