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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on September 22

    Shanghai aluminum afternoon comment on September 22

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    During the Mid-Autumn Festival, Lun aluminum fell slightly, and before the holiday, Shanghai aluminum reduced its position and adjusted, and the technical indicators weakened
    .
    Recently, Yulin, Guangxi and Guizhou have successively issued notices of production and power restrictions, and there may be policies in Qinghai, Ningxia and other places in the future, and the fundamentals of Shanghai aluminum are still supported
    .
    However, after high aluminum prices suppressed consumption and the import window continued to open, pay attention to the changes
    in peak season inventories.
    The National Day is not far away, Shanghai aluminum or maintain the shock adjustment waiting for a new logical impetus, temporarily wait and see
    .

    Shanghai aluminum

    Since March this year, electrolytic aluminum production capacity has continued to be limited, and primary aluminum production fell for four consecutive months in August, hitting the lowest level
    in more than a year.
    However, under the high aluminum price, downstream consumption continues to be suppressed, and due to the dual control of energy consumption in Jiangsu, some downstream aluminum processing enterprises have been notified to completely stop production
    .
    The National Development and Reform Commission said that aluminum prices are still running at a high level and will continue to release aluminum reserves
    .

    On the whole, although the current supply side of electrolytic aluminum continues to be limited, the current market sentiment is more pessimistic, aluminum prices may continue to pullback, and it is recommended to wait and see and wait for the opportunity to
    go long.

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