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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continue the pre-holiday momentum and continue to rise strongly

    Aluminum prices continue the pre-holiday momentum and continue to rise strongly

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    During the Spring Festival, the global epidemic improvement trend is obvious, the global economy ushered in a strong recovery, while the US $1.
    9 trillion rescue plan and the European Central Bank's continued easing signal is the fermentation of market optimism, resulting in the first week after the holiday aluminum prices continued to rise strongly before the holiday, and there was no suitable entry opportunity
    in the short term.

    Aluminum prices

    In terms of macro, the US 1.
    9 trillion plan passed this week, the chairman of the Federal Reserve on Tuesday may reiterate that monetary policy remains loose; fundamentals, SMM inventory on the 18th reported 901,000 tons, an increase of 12.
    6 tons from before the holiday, significantly lower than the normal year, because East China to the northwest before the holiday, the end of the month will gradually reflect the arrival; Steel Union statistics of aluminum rod inventory of 240,000 tons, an increase of 55,000 tons from before the holiday, aluminum rod inventory growth is high
    .

    The current aluminum price has traded part of the demand season expectations in advance, so it is recommended that investors pay attention to the inventory data in the next 1-2 weeks and the recovery progress of downstream enterprises after the holiday, and wait for the short-term fundamental reality to lag behind the expected aluminum price correction entry opportunity
    under the expectation and the real game.

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