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    Home > Chemicals Industry > New Chemical Materials > March 11 aluminum market afternoon review

    March 11 aluminum market afternoon review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: Britain announced that it will sanction the president of Rusal, and overnight Lun Aluminum rose 3% in response; The market is worried about the sanctions of Rusal, the global aluminum ingot inventory is low, the domestic downstream consumption is improving, and aluminum may rise
    .

    Aluminum City

    Thermal coal rose slightly overnight, and the Russian-Ukrainian conflict recurred
    .
    Overnight, Lun aluminum fluctuated sharply, once rising more than 5% before falling back to close in Zhongyang, closing up 3% at $
    3,400.
    Shanghai aluminum opened sharply higher overnight, and the shock downward closed Xiaoyin basically flat, closing at 21760
    .
    Shanghai aluminum trading positions are declining, and market sentiment is biased towards wait-and-see
    .
    The conflict between Russia and Ukraine eased, market sentiment weakened, short-term adjustment, medium-term fundamentals were slightly optimistic, and Shanghai aluminum may fluctuate
    around 21,000.
    Upper pressure 23000, lower support 20000
    .

    Domestic electrolytic aluminum ushered in a small destocking, and the current downstream consumption performance is still general, but there is no lack of low-level receivers
    .
    Overseas energy and sanctions risks ease, and it is expected that Shanghai-aluminum will turn into a volatile operation in the short term, and the lower boundary is currently observed at 21000-21500 support
    .

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