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Shanghai aluminum afternoon review on September 13

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

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Affected by the European trading session Lun aluminum diving, overnight Shanghai aluminum main contract opened low at 14510 yuan / ton, after the opening of aluminum price trend light, low shock, then by the Sino-US trade friction easing news boosted, Shanghai aluminum low back up touched 14590 yuan / ton, closed at 14575 yuan / ton, 14500 yuan / ton line shows strong support, in the short term Shanghai aluminum under the space is limited, is expected to run at 14500 ~ 14650 yuan / ton today, spot discount 10 yuan / ton to 30 yuan / ton
。

Shanghai aluminum

In terms of fundamentals, market expectations have changed, most believe that the heating season will relax the production of alumina, and by yesterday's Rusal sanctions or the lifting of sudden news, aluminum prices are under pressure
.

The United States took the initiative to invite China to a new round of trade negotiations, and market concerns were temporarily eased
.
However, concerns about domestic policy easing remain unresolved, coupled with the current weak consumption, the Rusal incident is still relatively uncertain
.
In the short term, market sentiment is greatly disturbed, prices may fluctuate repeatedly, considering that costs are still at a high level, aluminum prices have limited downside
.

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