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

    Brief review of Shanghai aluminum on March 23

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    As of the afternoon close, the main 2205 contract of Shanghai aluminum closed up at 23085, up 65, or 0.
    28%; The overall performance of aluminum prices during the day stopped falling and rebounded, maintaining a narrow range of strong volatility during the session, and the main force still hovered around
    the 23,000 mark.

    Shanghai aluminum

    On the macro side, the LME did not sanction Rusal to alleviate the pessimistic atmosphere in the market to a certain extent, while the United States and Britain reached an agreement to cancel the British aluminum tariff, which also boosted the circulation of aluminum products in the market, and the supply hidden dangers narrowed, which was to a certain extent favorable to short-term aluminum prices
    .

    Domestically, the epidemic has not eased in recent days, and the control measures in various places have become more stringent, and according to Fubao's research, some manufacturers have obvious shortage of goods under epidemic control, on the one hand, it is difficult to find cars, on the other hand, transportation is not smooth; The combination led to a slowdown in the decline in actual inventories downstream, although the operating rate continued to rise; However, we are still optimistic about the overall consumption level of the future market, and the continued low level of domestic inventories also has some support for aluminum prices, and it is expected that short-term prices will continue to fluctuate at a high level, and continue to pay attention to whether 23,000 can stand firm
    .

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