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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 13

    Shanghai aluminum afternoon review on May 13

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Last night, after opening low, Shanghai aluminum fluctuated upward, and the Shanghai aluminum index reduced its position by 5814 lots, down 165 yuan / ton to 20075 yuan / ton
    .

    Shanghai aluminum

    Yesterday announced social inventory, The national aluminum ingot inventory decreased by 39,000 tons, the data is very bright, the aluminum rod inventory remains stable, but it is understood that mainly the previous price fell back after the downstream enterprises have replenished the warehouse, superimposed on the resonance of the stock demand after the improvement of the epidemic in Wuxi, resulting in short-term concentrated inventory, whether it can continue to go to the warehouse needs to be further observed, after all, the current impact of the epidemic on terminal enterprises still exists, orders are in a relatively poor stage, so the current weaker reality still suppresses the sentiment of the entire market, but also be careful that the epidemic is already on the way to alleviation, further repair is expected to come soon, and there is less room for further decline

    The short-term worst fundamentals may be over, and the latter will enter the shock repair stage, but the logic of future supply and demand is generally short, inhibiting the height of the rebound, and aluminum prices may still maintain a range-bound trend
    in the short term.

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