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    Home > Chemicals Industry > New Chemical Materials > June 2 aluminum market noon review

    June 2 aluminum market noon review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the dollar continued to climb, overnight Lun aluminum closed down 2.
    33%; China is still focusing on the recovery of the epidemic and market sentiment is affected by the aluminum ingot pledge event in the short term, coupled with the steady release of supply-side production, it is expected that aluminum will remain stable
    today.

    Aluminum City

    EU sanctions against Russia have not passed, and the energy problem has been eased
    .
    Overnight crude oil fell sharply, and Lun aluminum rushed back down to close in the middle of the bardo
    .
    Shanghai aluminum opened low at night, rushed high and fell back to close Xiaoyang, closing at 20295
    .
    Shanghai aluminum trading rose and positions fell, and market sentiment was biased towards wait-and-see
    .
    The uncertainty of the Russia-Ukraine conflict is high, the domestic epidemic tends to stabilize, and the consumption side
    improves.
    Shanghai aluminum aluminum under the show some support, may continue to moderate rebound
    .
    Upper pressure 22000, lower support 19000
    .

    From a fundamental point of view, the growth rate of the supply side has slowed down, the impact of the epidemic on the demand side has weakened, and the number of enterprises resuming work and production has increased, but the signs of conversion into terminal order increments are not obvious, and there is still no possibility of consumption exceeding expectations, and it is expected that from late May to mid-June, the domestic probability will still be able to maintain the rhythm of destocking; In addition, coal supply and demand are tight, the price fall is not as good as market expectations, the cost of electrolytic aluminum is supported, and aluminum prices are expected to fluctuate in the short term
    .

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