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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on August 10

    Brief review of Shanghai aluminum on August 10

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's aluminum prices first fell and then rose, the overall trend is still slightly strong, as of the close of 3 pm, Shanghai aluminum main 2109 contract closed up at 19950, up 30, or 0.
    15%.

    Shanghai aluminum

    At present, the fundamentals are increasingly affected by the power shortage, especially on the supply side, and the scope of production restrictions caused by the lack of electricity in the southwest region has gradually expanded, and the supply situation that was expected to improve in August has not improved, but has further deteriorated; On the demand side, except for some areas in Henan affected by electricity, due to the tightening of control caused by the rebound of the domestic epidemic, the regional transportation efficiency has declined, and the operating rate of processing enterprises has decreased
    slightly.

    From a fundamental point of view, the supply side is more disrupted and lasts longer, and the gap between supply and demand is gradually widening, which is conducive to prices
    .
    However, the current epidemic rebound may bring about changes in macro sentiment, and the better-than-expected performance of the US economic data in July has intensified the policy game, resulting in increased short-term aluminum price volatility, but the situation of high operation has not changed
    .

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