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    Home > Chemicals Industry > New Chemical Materials > April 3 Shanghai aluminum morning review

    April 3 Shanghai aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Overnight, the main contract of Shanghai aluminum opened at 13980 yuan / ton, after the opening of the short flat more into the lower push up aluminum price to touch 14100 yuan / ton, then the bulls gradually closed the aluminum price to give up part of the rise to close at 14030 yuan / ton, the Shanghai aluminum index position decreased by 1688 hands to 788582 lots, short positions were mainly
    closed.

    Shanghai aluminum

    The rectification plan for captive power plants was introduced, on the one hand, requiring enterprises to pay off the arrears of government funds, increasing the cost of enterprises, on the other hand, cleaning up illegal captive power plants or slowing down the release
    of electrolytic aluminum production capacity in the later period.
    It works together with the environmental protection tax levied to support aluminum prices in the medium and long term
    .
    And the domestic manufacturing PMI for March released last Saturday showed a significant downstream recovery after the holiday, and the return to demand was basically confirmed, coupled with Monday's inventory fell again, offsetting the impact of the decline in anode prices, so it is recommended that Shanghai aluminum far month contracts continue to hold
    .

    Lack of external guidance, Shanghai aluminum night market driven by the domestic metal close, currently re-broke through the 14,000 yuan mark, basically recovered the recent decline, due to the cost support below, Shanghai aluminum current fundamentals have certain signs of improvement, but the inventory is high, long and short continue to glue, is expected to continue to narrow consolidation around 14,000 yuan in the short term
    .

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