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    Home > Chemicals Industry > New Chemical Materials > September 20 aluminum market afternoon comment

    September 20 aluminum market afternoon comment

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the US index entered a high tug of war, overnight Lun aluminum fell to close down 1.
    49%; Supply disturbances at home and abroad are frequent, but the real estate sector is more dragging than expected in the peak season, and market sentiment is cautious, and aluminum is expected to fall.

    Aluminum City

    Crude oil fell slightly overnight, and Lun aluminum fell sharply to close in the shade, opening higher at $
    2260 today.
    Shanghai aluminum opened low and high overnight, turned higher and closed Xiaoyang, closing at 18735
    .
    Shanghai aluminum trading positions are declining, and market sentiment is biased towards wait-and-see
    .
    Domestic consumption is average, but there is cost support below aluminum prices, and it is expected that the trend of aluminum prices may be stronger
    after the Fed's interest rate hike this week.
    Upper pressure 20000, lower support 18400
    .

    In the face of Wednesday's Fed rate hike, market sentiment is currently weak, and the probability of a 75 basis point Fed rate hike is basically certain, and it is more necessary to pay attention to the statements of Fed officials at the meeting
    .
    In terms of trading strategy, macro and demand sentiment is downward, peripheral equity, industrial products and other markets are not performing well, it is expected that Shanghai aluminum prices will gradually come under pressure, temporarily treated
    with a volatile idea.

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