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    Home > Chemicals Industry > New Chemical Materials > November 30 aluminum market noon comment

    November 30 aluminum market noon comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market afternoon commentary: U.
    S.
    stocks and oil prices rebounded, and Lun aluminum closed up $58 overnight; Under the epidemic, some countries have restarted the lockdown, and recently some aluminum companies have received production restrictions again, and the supply has fallen to support, and aluminum may rise
    today.

    Aluminum City

    Overnight coal rose sharply, Lun aluminum rebounded sharply to close in Zhongyang, Shanghai aluminum opened high and closed Xiaoyang at night, closing at 19055.
    Shanghai aluminum trading positions fell slightly, and market sentiment was biased towards
    neutrality.
    Policy factors have led to inactive trading of Shanghai aluminum, and the stimulus of epidemic news is expected to subside soon, and the market may continue to rebound
    gradually with Lunaluminum in the future.
    Upper pressure 20500, lower support 18500
    .

    Overseas epidemic mutation, mutated new crown virus B.
    1.
    1.
    529 "Omicron" caused the market to worry about the hindered economic recovery, market risk appetite has turned, and non-ferrous metals generally declined
    .
    In terms of varieties, the contradiction of aluminum fundamentals has been blunted, the supply side of the previous Yunnan Wenshan due to emergencies to reduce the production of the aluminum plant has resumed work at the beginning of last week, the expected impact is limited, and Shandong Yantai due to environmental protection problems to the local alumina and electrolytic aluminum enterprises to implement a graded warning of production restrictions, but the local electrolytic aluminum enterprises feedback has not received a production restriction notice
    .

    On the consumption side, this week's consumption is acceptable, the operating rate of processing enterprises remains stable, sub-sectors, plate and strip foil and industrial profile enterprises downstream orders are relatively stable, cable companies because of the concentrated delivery period also maintain just need to purchase, but aluminum alloy and building profile sector orders are weak, it is expected to be difficult to improve this year, the consumption situation in the north and south regions has also diverged, but the overall consumption situation is good, and it is expected that aluminum prices will continue to maintain volatile operation
    .

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