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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on September 21

    Shanghai aluminum afternoon review on September 21

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum main contract gap opened at 14625 yuan / ton, after the opening of aluminum prices into a narrow range shock mode, volatility is low, the end of the day more into the flat aluminum price rose to close at 14650 yuan / ton, Shanghai aluminum index position decreased by 586 hands to 677,000 hands, it is expected that today's Shanghai aluminum shock run at 14600 ~ 14720 yuan / ton, spot discount 20 yuan / ton to 20 yuan / ton
    .

    Shanghai aluminum

    Downstream cargo reception is relatively positive in the near future, on the one hand, due to the demand for stocking during the mid-term National Day holiday, on the other hand, peak season consumption is still expected
    to pick up.
    In addition, the reduction in production of some aluminum plants has caused production to fall, which is also the reason for the
    recent continuous decline in inventories.

    At present, the expected loose alumina end and the actual supply are tight, and the price space is limited, maintaining a high level of 3350, and the support for primary aluminum is still effective
    .
    And the infrastructure to make up for the shortcomings is expected to boost the demand
    for primary aluminum.
    On the whole, in the absence of new drivers in the fundamentals, it is recommended that the new order of Shanghai aluminum should wait and see
    .

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