echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 6 Shanghai aluminum brief comment

    July 6 Shanghai aluminum brief comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's aluminum price continued to fluctuate at a high range, the overall volatility was not large, as of the close of 3 p.
    m.
    , the main 2108 contract of Shanghai aluminum closed up at 19130, up 45, or 0.
    24%.

    Shanghai aluminum

    The fundamentals have not changed much overall, some refineries with limited pre-production in the Yunnan region on the supply side are ready to resume production, and the downstream demand margin on the consumption side is weakening
    in the off-season.
    In terms of price, because the supply and demand ends of aluminum will still benefit from the impact of the concept of "carbon neutrality" for a long time in the future, it is still recommended to treat it with a long idea in the cross-variety arbitrage strategy, such as the multi-aluminum air zinc that has been recommended in the early stage is still a better strategy in the second half of the year, unilaterally due to the recent macro uncertainty is still high, and the non-ferrous sector as a whole is affected by the macro, the short-term is still recommended to wait and see
    .

    It is understood that the current domestic aluminum price inventory is still in the process of decomposition, the inventory in the week has been close to 850,000 tons, due to the off-season accumulation is not expected to be as good as before, the market bullish sentiment gradually rising, aluminum prices return to Wanjiu above the shock, short-term due to macro and policy pressure has eased, aluminum prices or continue to run at a high level, The upper focus is on the 1.
    95 pressure level, the lower support is 18,500; in the medium and long term, with the emergence of the off-season, the weakening of the fundamentals of aluminum prices does not rule out the possibility of shock falling, it is recommended to cautiously chase up, the operation can be temporarily wait-and-see, it is expected that tomorrow's spot aluminum shock is stable
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.