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September 6 aluminum market noon comment

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

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Aluminum market afternoon comment: the strong dollar continued to refresh a two-decade high, and Lun aluminum closed down 0.
74% overnight; The implementation of domestic successive policies is favorable to market risk sentiment, aluminum rods and aluminum ingots are both destocked fundamentals are improving, and aluminum is expected to rise
.

Aluminum City

Crude oil rose sharply overnight, and Lun aluminum fell slightly to a new low, opening at 2297
today.
After the sharp rise of Shanghai aluminum yesterday, the night trading slightly fluctuated to close the doji, closing at 18355.
Shanghai aluminum trading positions are down, and market sentiment is biased to wait and see
.
The European energy crisis continues, the domestic demand enters the off-season is general, there is a strong cost support around 18,000 below, and aluminum prices may continue to fluctuate
around 18,000.
Upper pressure 19000, lower support 17000
.

Under the alleviation of power restrictions, the electrolytic aluminum plant began to resume production in an orderly manner, but it will take time to fully recover
.
It should be noted that rumors of power shortages in Yunnan have triggered renewed market concerns about the supply side
.
Although the demand side has entered the traditional peak season, most aluminum processing companies feedback that the order recovery is not as expected, the demand is still sluggish, and the electrolytic aluminum inventory season is accumulating
.
On the whole, the domestic aluminum market supply and demand situation continues, and the market may maintain a wide range
of fluctuations under the influence of energy and macro.

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