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    Home > Chemicals Industry > New Chemical Materials > September 4 Shanghai aluminum brief comment

    September 4 Shanghai aluminum brief comment

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum low volatility, as of the close of 3 pm, the main force of Shanghai aluminum closed down at 14270, down 115, down 0.
    08%.

    U.
    S.
    stocks plunged yesterday, which is expected to have a certain negative impact
    on risk assets such as non-ferrous metals.

    Shanghai aluminum

    In terms of industry, smelter profits are at a high level, and some new electrolytic aluminum projects have reached production, such as Yingkou Xintai and Inner Mongolia Chuangyuan Phase II projects are progressing one after another, and it is expected that the production capacity will be successively converted into output
    in the fourth quarter.
    According to SMM data, the operating capacity of electrolytic aluminum in the fourth quarter will rise to about 36.
    97 million tons, and the impact on the supply side is being realized
    step by step.

    The fundamentals of the aluminum market in the week are still weak, Shanghai aluminum maintained weak operation, but the market still has expectations for the subsequent peak season demand recovery, the subsequent aluminum price upward probability is larger, but in the short term affected by the collapse of U.
    S.
    stocks, the bearish force is stronger Shanghai aluminum or still continue the shock adjustment trend, the main force can continue to pay attention to the fluctuation in the range of 1.
    42-14,500, the operation is temporarily wait-and-see, it is expected that next week's spot aluminum or continue to shock operation
    .

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