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    Home > Chemicals Industry > New Chemical Materials > September 5 aluminum market morning review

    September 5 aluminum market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: under the strength of the US dollar and economic downturn concerns, the external metal continued to be weak on Friday, and the LME three-month aluminum price fell below $2300 / ton, and closed flat at $2305 / ton
    at the end.
    Under the tightening concerns of Yunnan power, the Shanghai aluminum night trading rebounded, and the main 2210 contract closed above 18245 yuan / ton
    .

    Aluminum City

    The aluminum market in the southwest after the production reduction of the large surplus in the year of the contradiction between supply and demand alleviated, the accumulation expectation is reduced, the current Yunnan region is once again facing the threat of power shortage, coupled with the continuation of the European energy crisis, the aluminum market still has supply theme support
    .
    However, demand is still dragged down by weak real estate, and the market has expectations for gold and silver consumption, but there is also a risk
    of falsification.

    At present, the supply side is subject to the previous production capacity reduction and cannot return to normal, but consumption is still weak, making the short-term supply and demand fundamentals a weak situation, and the low inventory has supported aluminum prices for a while
    .
    Therefore, short-term aluminum prices fluctuate repeatedly
    .
    Pay attention to the power supply situation
    in Yunnan.

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