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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on August 23

    Brief review of Shanghai aluminum on August 23

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2209 contract of Shanghai aluminum closed up at 18685, up 145, or 0.
    78%.

    Shanghai aluminum

    Recent macro sentiment has signs of weakening, the probability of the Fed's September interest rate hike hawk has increased, the European economy has been hit hard by energy, the disturbance on the supply side was mainly domestic, and the domestic temperature gradually decreased, the risk of further production reduction eased, but electrolytic aluminum in Europe still has the risk of expanding production reduction, it is expected that the overall aluminum price will maintain a trend of shock sorting, and the subsequent factors affecting the market are mainly in the fermentation of macro sentiment and new production
    cuts in Europe and the United States.

    Europe's largest and most modern electrolytic aluminum plant employees strike, so that production reduction, and domestic power cuts in many regions continue, the impact continues to ferment, the market is worried about the supply side has been disturbed, the morning Shanghai aluminum shock pulls up, the plate once touched to a high of 18750, natural gas prices are at a high level, European electricity prices are high, domestic and foreign aluminum companies reduce production scale or further losses, to a certain extent to support the trend of aluminum prices, but still need to pay attention to downstream aluminum consumption, so aluminum prices upside will not be too large, Shanghai aluminum or around 1.
    84-18,900 oscillations, merchants with more goods can be shipped appropriately in the near future
    .

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