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    Home > Chemicals Industry > New Chemical Materials > A brief review of Shanghai aluminum on March 16

    A brief review of Shanghai aluminum on March 16

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's aluminum price rose again as expected, and as of the close, the main 2204 contract of Shanghai aluminum closed up at 21960, up 235, or 1.
    08%.

    Shanghai aluminum

    In terms of macro, Russia recently launched "anti-sanctions" measures, but only for individual personnel in the United States, there is no sign of energy products, but in any case, the war continues to be too high electricity prices and natural gas prices will always be one of the hidden dangers of European aluminum smelter production, local aluminum production capacity is still facing production reduction turmoil, or will continue to promote the price of aluminum aluminum; At the same time, although the Fed's interest rate hike on Thursday has been gradually digested by the market, it is still prudent to remain cautious and be vigilant against bearish risk factors
    until the basis point of interest rate hike is clear.

    Domestically, the current fundamentals and supply and demand side have maintained a good trend, aluminum prices may have completed the bottom again, and the market is expected to rise again; However, in the short term, we need to be vigilant about the impact of the Fed's interest rate hike on market sentiment during the week, and it is not advisable to chase up too much, and the operation just needs to be stocked, and spot aluminum is expected to rise
    steadily.

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