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Shanghai aluminum afternoon comment on September 25

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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accident 104 today

parallel

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Overnight, the Shanghai aluminum main 1911 contract opened at 14130 yuan / ton, and the Shanghai aluminum swooped to the lowest level of the day at 14105 yuan / ton, and then the short closed the profit and the center of gravity gradually moved up to the opening level; In the second half of the night session, long and short positions were reduced in parallel, and Shanghai aluminum showed a wide shock trend, and finally closed at 14180 yuan / ton, up 25 yuan / ton, or 0.
18%.

Daily K-line above the pressure 5/40 daily moving average, fundamentals, yesterday a Inner Mongolia electrolytic aluminum plant started an accident, it is expected that today's Shanghai aluminum main company will oscillate at 14150-14300 yuan / ton, spot pair in the month in the rise of 10 to 30 yuan / ton
.

Shanghai aluminum

The price of AOO aluminum ingots in East China was 14,350 yuan / ton, up 20 yuan
.
Norway's CEO Hydro said that the poor global economic outlook may hurt aluminum demand in the short term, and lowered the forecast for global aluminum demand (excluding China) in 2019 from an increase of 1% to a decrease of 1%-2%; Recently, due to the concentrated arrival of goods and poor demand performance in the downstream market, the trend of aluminum prices is weak, and spot aluminum prices are expected to fall
today.

Recently, due to the concentrated arrival of goods and poor demand performance in the downstream market, the trend of aluminum prices is weak, and today Shanghai aluminum is under pressure to fall, and the future market remains weak and volatile
.

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