Metal Weekly (Aluminum): Shanghai Aluminum maintains narrow consolidation

This week, Lumou aluminum was blocked, once again confirmed the strong resistance of $ 2,000, but the aluminum price test in the short term resistance position, confirmed that Lon Al has the ability to continue upward operation, the current form through continuous amendments Showing strong characteristics. From a technical point of view, aluminum prices will test the effectiveness of the 1,900-dollar support in the short term. China's imports and exports in January this year showed that China’s primary aluminum exports accounted for 91,205 tons, a significant drop from the previous month’s net exports. The negative effect of China's exports on Lun Aluminum was offset by strong consumption. Shanghai Aluminum still managed to narrow within a narrow range today. The spot market gave feedback that the seller was not in a hurry to ship, so the market did not sell to suppress the aluminum price. The spot price was between RMB16,300 and RMB16,400, which did not deviate from the recent highs. Shanghai Aluminum is still expected to maintain a narrow range. (Li Ling)

Container Shops

Shipping Container Shop,Shipping Container Homes,Storage Container Houses,Modern Container Homes

Liaoning Kingspine Wooden Structure Co., Ltd. , http://www.kingspinehouse.com

Posted on