July 14 Shanghai aluminum brief comment

Recently, the aluminum market under high temperature in summer is about to face multiple power rationing policies, coupled with the carbon emission market will be officially launched after mid-to-late July, the electrolytic aluminum industry may be accelerated, and the tight supply side is grim
.
On the macro front, the recent RRR cut by the central bank also indicates that the market has maintained short-term loose liquidity, raising aluminum prices upward
.

In the short term, Shanghai aluminum or will rise again, the main force focuses on 1.
92-19,600 range oscillation, the upper pressure level to see 20,000, short-term again break the pressure is larger, after the good news is gradually digested, there is still a moderate pullback possibility, but the expected downward range is limited, pay attention to the support above Wanjiu, the operation can be bargained on demand, it is expected that tomorrow's spot aluminum will rise
.