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Shanghai aluminum afternoon review on September 7

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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narrow range

superimposed

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Overnight, Shanghai aluminum fluctuated
in a narrow range.
Shanghai aluminum rose again during the day, the highest touched 21980 yuan / ton, closed at 21730 yuan / ton, up 2.
23% from the previous trading day, Lun aluminum also rushed to a high price of 2782 US dollars / ton, mainly because of the coup in Guinea
.

Shanghai aluminum

The news of the coup in Guinea on Monday caused Shanghai aluminum to soar to 21,200 yuan, and the spot price remained at a discount of 20 yuan
.
Guinea is the world's main producer of bauxite, and it is also the largest importer of bauxite in China, and the bauxite imported from Guinea in 21 years accounted for 55%
of all domestic imports that year.

Electrolytic aluminum production areas have frequent dual-control power curtailment, inventory is at a low level in the same period of recent years and is still slowly declining, and the cost is also expected to rise
.
Bullish news continues to be superimposed, Shanghai aluminum is still easy to rise and fall, do not chase the rise and kill the fall under high volatility, maintain the pullback to buy long ideas
.

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