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    Home > Chemicals Industry > New Chemical Materials > February 16 aluminum market noon comment

    February 16 aluminum market noon comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the easing of geopolitical tensions caused oil prices to fall, and Lun aluminum closed down 1.
    05% overnight; Domestic new production capacity and resumption of production capacity are put into production rapidly, supply increment or will concentrate on volume, today aluminum or fall.

    Aluminum City

    Overnight thermal coal was stable, and Lun aluminum opened low and closed lower at $3194
    .
    Shanghai aluminum opened low and fell to close in the dark overnight, closing at 22455.

    Lun aluminum encountered resistance pullback near the front high, and the short-term technical pattern was biased towards neutral
    .
    Shanghai aluminum short-term continues to adjust below 24000, focusing on the pressure situation near the previous high in the medium term
    .
    Upper pressure 24765, lower support 21000
    .

    Domestic electrolytic aluminum production capacity is lower than the same period last year, and the production and transportation of alumina plants and electrolytic aluminum plants in some areas are still affected
    .
    At present, the domestic electrolytic aluminum social inventory is 994,000 tons, 45,000 tons more than last Thursday, and the inventory growth rate has slowed down, and it is expected to usher in a turning point
    as seasonal consumption picks up.
    Yesterday's market was volatile, fell off a cliff, and returned near the close, and the external market fell
    again after the close.
    It is expected that short-term aluminum prices will continue to maintain high volatility
    .

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