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    Home > Chemicals Industry > New Chemical Materials > September 14 aluminum market noon review

    September 14 aluminum market noon review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the United States August CPI data hit, overnight London aluminum closed down 1.
    35%; Three batches of dumping storage sources have arrived one after another, and the aluminum ingot stock has increased slightly in Gongyi and other places, superimposed on the peak season is not strong, and aluminum may fall
    today.

    Aluminum City

    Overnight, Lun aluminum once rose to a new high of $3,000 before falling back to close the shade, opening slightly higher at $2,895 today
    .
    Shanghai aluminum fell sharply overnight to close the long black candle to recover Monday's gains, closing at 22710
    .
    Shanghai aluminum trading rose and positions fell, and market sentiment was biased towards wait-and-see
    .
    The short-term is good, the aluminum price may enter the adjustment market when it encounters resistance, and the mid-line may still fluctuate
    upward.
    Upper pressure 25000, lower support 21500
    .

    China's electrolytic aluminum production fell to 3.
    225 million tons in August due to increased pressure to limit production, and is expected to fall to 3.
    109 million tons
    in September.
    In September, the aluminum market entered the peak season, limited production, low inventory and warm demand will form a strong support for fundamentals, long-term optimism that aluminum prices continue to run strongly, short-term beware of strong policy regulation
    .

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