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    Home > Chemicals Industry > New Chemical Materials > June 25 Shanghai aluminum afternoon comment

    June 25 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai aluminum main 1908 contract opened at 13855 yuan / ton, the first half of the night long and short game, Shanghai aluminum fluctuated around 13860 yuan / ton, and then the bulls were better, the center of gravity of the disk moved up, and finally closed at 13890 yuan / ton
    .
    The weakening of the US index helped rise in the colored market, and it is expected that the main Shanghai aluminum will run at 13800-14100 yuan / ton in consecutive days, and the spot pair will rise to 20 yuan / ton
    in flat water in the same month.

    Shanghai aluminum

    The AOO aluminum ingot price in East China was reported at 13,860 yuan / ton, down 40 yuan
    .
    The market is betting that the Fed may cut interest rates more than once this year, CME Group is betting that the Fed is likely to cut interest rates twice more after cutting rates at the end of July, expectations of Fed rate cuts continue to strengthen, easing policy provides support for aluminum prices, and spot aluminum prices are expected to rise
    today.

    The weakening of the US dollar continues to boost the trend of metals, Shanghai aluminum rose today, the main 1908 contract held the 13800 mark support, the highest climbed to 13915, and closed up 0.
    8% at the end of the day, up 110 from the previous session; From the trend point of view, Sino-US trade negotiations have made new progress, the trade war atmosphere may ease, and the Chilean copper mine strike may continue until June 28, copper prices will drive aluminum prices to strengthen, short-term is still expected to rise slightly, temporarily pay attention to the pressure level of the 14,000 mark, the overall fluctuation range of Shanghai aluminum 13800-14000; it is expected that tomorrow's spot aluminum price will rise slightly by about
    50.

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