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    Home > Chemicals Industry > New Chemical Materials > November 3 aluminum market afternoon comment

    November 3 aluminum market afternoon comment

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the stock market and oil prices rebounded to drive the market, overnight Lun aluminum continued to rise to close up $23, China's manufacturing boom improved, electrolytic aluminum social inventory is still dematerializing, it is expected that today's aluminum rises
    .

    Aluminum City

    Overnight, Shanghai aluminum continued to fluctuate strongly
    .
    The overall performance of aluminum consumption is strong, the long-term negotiation node of large households in the spot market is strong, and the spot premium of aluminum ingots is as high as 200 yuan
    .
    Last week, aluminum prices fell after the increase in market purchases, and the social inventory of aluminum ingots fell by 20,000 tons at the beginning of the week, the largest decline after the National Day
    .

    Under the state of low inventory, it is expected that the Shanghai aluminum back structure will continue for a long time, aluminum prices are expected to remain high, the main contract focuses on the pressure of 14900-15000 yuan, rolling bargaining to earn monthly income is still feasible
    .
    The warehouse receipt in the last period of the delivery month was only 90,000 tons, and the near-month contract was nearly 60,000 lots, so be wary of the risk
    of continued crowding.

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