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    Home > Chemicals Industry > New Chemical Materials > The correction trend of aluminum prices has not yet ended, and it is expected that the short-term decline or slowdown

    The correction trend of aluminum prices has not yet ended, and it is expected that the short-term decline or slowdown

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Last week, aluminum prices rose first and then fell, Lun aluminum fell 1.
    3% weekly, and the main force of Shanghai aluminum fell by 1,000 yuan in three days, a weekly decline of 3%; Recently, the policy side has frequently shot to hit the bulls
    .
    Market panic has increased sharply, but market rumors Yunnan production reduction plan, carbon neutrality and production restrictions of various news may form a support for aluminum prices, is expected to short-term decline or slowdown, Shanghai aluminum main focus on 1.
    85-19,500 range shock, operation can be bought
    in batches.

    Aluminum prices

    Last week, Lun aluminum fluctuated and fell, and the intraday aluminum price briefly rose above 2500, but as the Federal Reserve released concerns about the current inflation phenomenon, the market's bullish enthusiasm plummeted; In the short term, although global consumption is accelerating, there are still high risks in rising commodity prices, and aluminum may continue to maintain a high volatility pattern, paying attention to the fluctuation
    of the 2350-2450 range.

    In terms of the market, the market is abundant, with the price falling, the market panic has increased sharply, the holders have shipped more at high prices, and the downstream bearish and more pressed prices have purchased, and the overall transaction last week turned weak
    .

    In East China, the recent domestic high-level has repeatedly expressed its demand to stabilize commodity prices, and the minutes of the Federal Reserve meeting indicate that some members have talked about possible wording of monetary policy tightening, and the policy side has frequently shot to hit bulls
    .
    Aluminum prices have fallen sharply in recent days, spot aluminum prices fell last week, the cumulative weekly decline of more than 1,000 yuan, as of Friday, East China spot aluminum prices between 18420-18460 yuan / ton, the futures now maintain a flat water state, down 1230 yuan / ton from last Friday, down 6.
    2%.

    South China, as of last Friday, Foshan Nanhai aluminum ingot ticket price between 19080-19180 yuan / ton, down 840 yuan / ton from last Friday, slightly better than the East China market, mainly because Friday futures plummeted, and then recovered part of the decline, resulting in a narrowing of South China's decline, and the price difference between East China and South China was 690 yuan
    .
    The overall trading of the market is weak
    .

    Recently, the State Council once again announced that it will further strictly investigate the price gouging and stockpiling in the market, and strictly control the rise in commodity prices; The policy side frequently shot, hit the bulls, the market panic intensified, but based on the good domestic fundamentals, the medium and long-term bullish psychology remains, the short-term aluminum price correction trend has not yet ended, continue to pay attention to the 18000 mark support
    .
    Next week, aluminum prices are expected to fall steadily, and the decline has slowed down
    .

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