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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on February 1

    Shanghai aluminum afternoon review on February 1

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Last Friday night, Shanghai aluminum rose strongly and then retreated
    .
    The recent slow accumulation of social inventory of aluminum ingots has led to a shift in market sentiment, and the rise in spot premiums has boosted Shanghai aluminum
    .
    There is resilience in market consumption, but with the end of Spring Festival stocking and the recovery of transportation, the expected difference in accumulation in February may be repaired, it is recommended to do a good job of value preservation, and the current point does not consider chasing up
    .

    Shanghai aluminum

    In the market, the last period of aluminum inventory increased by 3222 tons to 239504 tons last week, an increase of 1.
    36%; China's manufacturing PMI fell to 51.
    3% in January, remaining above the critical point for 11 consecutive months and continuing to remain in the expansion range; Stocks in the downstream market have increased recently, and the current inventory is relatively low overall, and spot aluminum prices are expected to rise
    today.

    Consumption off-season, pre-holiday consumption is generally stable, accumulation is less than expected, the market is generally optimistic about post-holiday demand, pre-holiday aluminum price adjustment is large, the space below is limited, while the peak of accumulation has not arrived, and the upper stop profit resistance is strong
    .

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