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    Home > Chemicals Industry > New Chemical Materials > November 24 aluminum market noon comment

    November 24 aluminum market noon comment

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the euro area economy was hit again, overnight Lun aluminum rushed back down to close down $21, high industry profits stimulated production capacity to accelerate the launch, alumina prices continued to be low, it is expected that aluminum will fall
    today.

    Aluminum City

    Overnight, Lun aluminum fell sharply to close in the shade, closing at $
    1967.
    5.
    Shanghai aluminum fell slightly below the 5-day moving average in overnight trading, closing at 15795
    .
    Shanghai aluminum trading is stable, positions are declining, and market sentiment is biased towards
    neutrality.
    Domestic spot supply and demand are basically balanced, and there is no obvious change, and the strength of domestic heating season production restrictions remains to be seen
    .
    The external market continues to drive domestic optimism, and Shanghai aluminum may continue to fluctuate
    at a high level.
    Shanghai aluminum upper pressure 16000, lower support 15500
    .

    In terms of fundamentals, with the peak season after downstream consumption or ushered in a gradual cooling, but the fourth quarter consumption is still generally supported, in addition to the increase trend of supply is also worth paying attention to, it is expected that aluminum prices continue to maintain a pattern of near strength and far weakness, the medium-term rally slows down, and may gradually return to shock.

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