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Shanghai aluminum afternoon review on September 4

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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After falling overnight, Shanghai aluminum fell overnight, and closed at 14270 near the 60-day
moving average.
Shanghai aluminum trading fell and the position rose slightly, the market sentiment was biased towards neutral, the ratio of Shanghai aluminum was significantly higher than that of Lun aluminum, the trend of Shanghai aluminum was weaker, and it broke down today, and it is possible to step back to support around 14000
.
Shanghai aluminum upper pressure 14500, lower support 14000
.

Shanghai aluminum

The price of Chinalco East China AOO aluminum ingots was 14,540 yuan / ton, up 30 yuan
.
The follow-up market is facing some new investment and production, electrolytic aluminum supply growth has a trend of acceleration, the recent anti-dumping measures in Europe and other places, aluminum export pressure is still large, it is expected that today's spot aluminum prices will fall
.

Recently, the US dollar has continued to rebound, and Shanghai aluminum has followed the weak operation of non-ferrous metal
shocks.
The spot premium of aluminum ingots remained around
20 yuan.
With the cumulative import of primary aluminum approaching 400,000 tons in June-August, the accumulation is still slow, and the inventory increased slightly by less than 10,000 tons
this week.
The recovery of real estate and automobiles supports the expectation of destocking in the peak season, and the expectation of consumption feedback in September is poor
.
At present, inventory levels are at a low level, and the monthly difference maintains a back structure
.
The probability of oscillation above the short-term aluminum price is large, and pay attention to the bullish layout opportunity
near the fourth.

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