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Shanghai aluminum afternoon comment on September 5

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

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Overnight, the Shanghai aluminum main 1910 contract opened at 14360 yuan / ton, after the opening of the long and short positions in parallel, aluminum prices fluctuated upward to touch 14385 yuan / ton, the end of the session slightly down, and finally closed at 14370 yuan / ton
.
The daily candlestick closes a small white candle, mainly
short positions are reduced.
It is necessary to continue to pay attention to the rhythm of electrolytic aluminum destocking and consumption recovery, it is expected that the main shock of Shanghai aluminum will run at 14300-14450 yuan / ton within the day, and the spot aluminum price will rise by 30-50 yuan / ton
in the month.

Shanghai aluminum

The price of AOO aluminum ingots in East China was 14430 yuan / ton, up 20 yuan
.
With the "Golden Nine Silver Ten" aluminum market season brought by the demand recovery expectations, the supply gap of electrolytic aluminum in September or will continue to expand, supporting the current high operation of aluminum prices, a new round of rally still needs the cooperation of the consumer side, aluminum prices are firm, it is expected that spot aluminum prices will rise
slightly today.

The domestic futures market is dominated by non-ferrous metal shocks, and Shanghai aluminum continues to maintain a range consolidation trend and remains basically stable
.
Tomorrow's aluminum price material is sideways, slightly weak, for reference
only.

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