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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on August 11

    Brief review of Shanghai aluminum on August 11

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum narrow range, as of the close of 3 pm, Shanghai aluminum main 2209 contract closed at 18745 up 45, or 0.
    24%.

    The US inflation data eased, and under the expectation of interest rate hikes and force reductions, the long and short game and aluminum prices fell into a volatile pattern
    .

    Shanghai aluminum

    U.
    S.
    inflation is less than expected, but still at an "unacceptable" high, with an announcement of 8.
    5%, an expected value of 8.
    7%, a previous value of 9.
    1%, and a target value of 2%, so although it is less than expected, the pace of interest rate hikes is expected to slow down, but inflationary pressures are still large
    。 On the one hand, the European energy crisis is intensifying, and it is necessary to pay attention to whether it can bring a new round of production reductions, but compared with zinc, aluminum European production capacity only accounts for 6% of the world (excluding Russia), on the other hand, the disturbance of the domestic supply side provides certain support, accident production reduction, loss maintenance, postponement of production resumption, etc.
    ; In terms of spot market transactions, yesterday's spot maintained a large discount, consumption remained weak, and consumption suppressed
    prices.

    U.
    S.
    inflation data short-term because of less than expected and positive, but high inflation long-term is still bearish, energy attributes support aluminum prices to maintain a high level, but weak spot market and terminal demand in turn inhibit prices, the overall trend is more volatile, squeeze behavior also provides certain structural support, other metals in the strong situation, short-term recommended to operate
    with a volatile idea.

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