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    Home > Chemicals Industry > New Chemical Materials > November 10 Shanghai aluminum brief comment

    November 10 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's aluminum price bottomed out, recovered some of the decline at the end of the day, as of the close of 3 pm, the main 2112 contract of Shanghai aluminum closed down at 18895, down 150, or 0.
    79%.

    Shanghai aluminum

    Fundamentally, the pressure on the overseas supply side has eased compared with before, and the scale of production reduction may be further expanded
    in the fourth quarter under the influence of the environmental protection pressure and the dual control policy of energy consumption of the Winter Olympics.
    The consumer side of the cargo holder lowered the shipment, the receiver pressed the price and waited, and the overall transaction was flat
    .
    Recently, the situation in South China and Central China has been relaxed, the operating rate of downstream enterprises has continued to rise, and terminal demand has gradually recovered
    .

    With the slowdown of power rationing policies in many places, processing enterprises began to gradually increase productivity to complete pre-orders, market consumption has improved, the inventory end has turned to dematerialization for the first time within the week, the current inventory or has reached the top, destocking will form a certain positive promotion of aluminum prices, but considering that the current market is still worried about the real estate policy situation, sentiment is still weak, and the space for aluminum prices to bottom out is limited.
    In the short term, continue to pay attention to the range of 1.
    85-19,000, the lower support is 18,000, and the operation can be bought on demand, and it is expected that spot aluminum may rebound
    appropriately tomorrow.

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