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    Home > Chemicals Industry > New Chemical Materials > The recent trend of aluminum has broken through upward, and the domestic market demand has performed better

    The recent trend of aluminum has broken through upward, and the domestic market demand has performed better

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Yesterday's Shanghai aluminum came under slight pressure downward, opening at 14,760 yuan, the highest intraday 14,820 yuan, the lowest 14,650 yuan, to the close of 14,720 yuan, down 30 yuan, or 0.
    20%,
    from the previous day's close.
    Shanghai aluminum recently broke upward, broke up, touched a more than 17-month high, but yesterday's daily and night trading trend weakened, the market has a range peak
    .

    Period aluminum

    In terms of imports, the Shanghai-London ratio narrowed to 7.
    654
    .
    Overall, in terms of raw materials, alumina prices bottomed out, and the profit margin of the electrolytic aluminum industry has narrowed
    .

    In terms of spot, the market is afraid of heights, merchants purchase on demand, and the overall transaction is average
    .
    On the demand side, China's import and export data in September performed strongly, indicating that China's economy maintained its recovery momentum and domestic market demand performed better
    .

    In the future, the supply side accelerates with the resumption of production of aluminum enterprises, and the production capacity of the supply side is further released, while the downstream start remains stable, and the release of new production capacity in October has formed a certain suppression on the price of electrolytic aluminum, limiting the upward momentum
    of aluminum prices.
    The overseas epidemic has been repeated, and there is uncertainty
    about the economic impact of the epidemic.
    It is expected that the short-term aluminum price trend short-term shock adjustment, the current macro situation is uncertain, and the plate has shown a range peaking trend, you can consider an appropriate amount of short entry
    .

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