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    Home > Chemicals Industry > New Chemical Materials > December 17 Shanghai aluminum brief comment

    December 17 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's aluminum price launched an impact on the 20,000 mark, and as of Friday's close, the Shanghai aluminum 2201 contract closed at 19720, up 3.
    46%.

    Shanghai aluminum

    Overnight, the Bank of England raised interest rates, the ECB was cautious, the dollar fell, and non-ferrous metals generally rose
    .
    Recently the aluminum market consumption margin is good, this week aluminum ingot aluminum rod inventory fell by a total of 50,000 tons, the volume of outbound rebounded significantly, at the end of the year there is room to continue to go to storage
    .
    Shanghai aluminum pays attention to the resistance of the high point of the recent operating range, and once effectively broken, it may form a phased upward trend
    .

    With the recent landing of the Fed's policy, the market tension has been released, coupled with many parties optimistic about the prospects of global economic development, bulls are bullish; In addition, the trend of domestic short-term inventory dematerialization is obvious, which has strong support for prices, and short-term aluminum prices will rise again, or are expected to touch the 20,000 mark; However, in the long run, under the increase in news of resumption of production and the continuous decline in raw material prices, aluminum profits are expected to recover, and aluminum prices continue to rise resistance
    .

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