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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on March 2

    Brief review of Shanghai aluminum on March 2

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2204 contract of Shanghai aluminum closed up at 22955, or 1.
    35%.

    Shanghai aluminum

    Intraday Shanghai aluminum performance volatility strong trend, external strength and internal weakness situation has eased, under global supply concerns, domestic bullish sentiment has gradually risen, in addition, from a technical point of view, Shanghai aluminum in the 10-day moving average has strong support, short-term aluminum prices will continue to test the 23000 mark, the market is expected to break through, but the pressure to stand firm still exists, need to pay attention to when the domestic inventory inflection point appears
    .

    In the short term, the focus remains on geopolitical issues, but as the winter draws to an end, the boost to aluminum prices by natural gas shortages is likely to wane.

    In the long run, aluminum prices are driven by the recovery of domestic demand, and with the support of the current policy, there is an optimistic expectation for March demand, so it maintains a strategy of bargain hunting, but the current aluminum price has been at a high level, and the international situation has caused aluminum prices to expand intraday fluctuations, and it is not recommended to continue to chase higher
    .

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