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    Home > Chemicals Industry > New Chemical Materials > A brief review of Shanghai aluminum on September 7

    A brief review of Shanghai aluminum on September 7

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    After several consecutive days of correction, Shanghai aluminum rebounded sharply, as of 3 pm, the main 2010 contract of Shanghai aluminum closed up at 14480, up 195, or 1.
    37%.

    Shanghai aluminum

    Since August, the marginal consumption of electrolytic aluminum has weakened, and cable orders have declined
    significantly.
    Electrolytic aluminum inventories have also accumulated due to weaker consumption, but from the perspective of accumulation range, the order of magnitude is not high
    .
    Subsequently, with the advent of the gold nine silver ten consumption season, consumption will be boosted to a certain extent, the accumulation trend will not be sustainable, and low inventory is still the strongest support
    for aluminum prices.

    In the short term, in the case of the overall accumulation of small stocks in the off-season, the favorable support of market bulls is still there, but the recovery of demand in the peak season has not been clearly reflected, in the market expectation of unfulfilled aluminum prices or continue to fluctuate at a high level, the overall consolidation is the mainstay, it is recommended to be cautious to chase higher, the main force of Shanghai aluminum continues to pay attention to fluctuations in the range of 1.
    43-14,600, the operation can be bought on demand, it is expected that the overall fluctuation of spot aluminum tomorrow is not large, or there is a slight adjustment
    .

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