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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on March 1

    Brief review of Shanghai aluminum on March 1

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2104 contract of Shanghai aluminum closed down at 17020, down 380, or 2.
    18%.

    Shanghai aluminum

    The rapid rise in U.
    S.
    Treasury yields weighed on global assets last week, and a sharp rally in the dollar on Friday continued to weigh on commodities, and the colored sector tumbled
    .
    The U.
    S.
    House of Representatives passed a $1.
    9 trillion stimulus bill, watching for a positive impact
    on Monday.
    At present, macro dominates the nonferrous direction, and Shanghai aluminum is expected to have a strong peak season after the disturbance of production reduction on the supply side, and pay attention to the subsequent accumulation rhythm
    .

    Recently, under the influence of good news such as Inner Mongolia production cuts and US stimulus policies, the market performance is more excited, and aluminum prices have soared to a new high, but with the stability of macro sentiment, aluminum prices may usher in certain adjustment demand; Fundamentally, the accumulation of inventory is still continuing, but the magnitude has slowed down, coupled with the current smooth progress of aluminum enterprises, the market is still optimistic about peak season consumption expectations, follow-up inventory or return to decomposition, aluminum prices still continue to rise; Short-term Shanghai aluminum or maintain a high level of shock operation, the main focus on 1.
    68-17,200 range fluctuations, the operation can be temporarily wait-and-see or bargain replenishment, it is expected that tomorrow's spot aluminum may stabilize
    .

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