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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on September 26

    Shanghai aluminum afternoon review on September 26

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai aluminum main 1911 contract opened at 14105 yuan / ton, the beginning of the session fell to the lowest level since August 9 14080 yuan / ton, and then showed a sideways trend, running closely above the daily moving average, and finally closed at 14115 yuan / ton, up 5 yuan / ton, or 0.
    04%.

    Shanghai aluminum

    The domestic consumption season is still maintaining, but the supply pressure at the end of the year is expected and concerns about softening demand after the National Day holiday have led to a bearish market sentiment, Shanghai aluminum broke the run, below the test of the 60-day moving average, pay attention to today's SMM electrolytic aluminum and aluminum rod inventory data, it is expected to run at 14050-14200 yuan / ton within the day, and the spot pair is rising 20 to 40 yuan / ton
    in the month.

    The price of AOO aluminum ingots in East China was 14280 yuan / ton, down 70 yuan
    .
    Recent macroeconomic data performance is not good, the decline of the manufacturing industry not only has not improved, but is deteriorating, the outlook for industrial metal demand is not optimistic, aluminum prices are suppressed, it is expected that today's Shanghai aluminum is weak and volatile, spot aluminum prices or fall.

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