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    Home > Chemicals Industry > New Chemical Materials > April 15 Shanghai aluminum brief comment

    April 15 Shanghai aluminum brief comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum all the way to the upside, as of 3 p.
    m.
    close, the main contract closed at 18320 yuan / ton, up 495 from the previous trading day, an increase of 2.
    78%; Boosted by rumors of electrolytic aluminum production cuts and a sharp decline in the US dollar, Shanghai aluminum was once again favored by funds, and the main contract repeatedly hit a 10-year high, maintaining a cautious bullish view for the time being, and focusing on 18,500 pressures
    above.
    It is expected that spot aluminum will rise tomorrow, with a range of about
    200 yuan.

    Shanghai aluminum

    In the past two days, aluminum prices have broken through close to the 18,000 mark, mainly due to the expectation of production restrictions under the carbon neutrality policy or successively and the market's expectations for the peak season in April and May, which has a certain effect on aluminum prices and gives capital bulls momentum to increase positions
    .
    At present, the judgment of aluminum prices in the medium term upward remains unchanged, but the pace of aluminum price operation may be difficult to replicate the unilateral upward trend
    in February.
    In the early stage, aluminum prices rose rapidly in the short term, and the willingness to stock downstream was suppressed, which was not conducive to the smooth transmission
    of aluminum prices in the industrial chain.

    Overseas, it is necessary to pay attention to the vaccination and epidemic control status in Europe and the United States, and pay attention to the progress of infrastructure projects in the United States, which may bring deviations
    from market expectations.
    In the short term, aluminum ingots open to destocking, the overall is strong, but the rhythm needs to be cautious, and follow-up attention to the speed and degree of
    destocking.
    Operating range 17500-18200
    .

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