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    Home > Chemicals Industry > New Chemical Materials > December 2 Shanghai aluminum brief comment

    December 2 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's aluminum prices were mixed, and the decline expanded at the end of the day, and as of the close, the main 2201 contract of Shanghai aluminum closed down at 18765, down 235, or 1.
    24%.

    Shanghai aluminum

    In terms of macro, the manufacturing PMI in November was 50.
    1%, up 0.
    9 percentage points from the previous month, and energy supply and price stabilization were effective; Fed Powell said that the risk of rising inflation increases, abandoning the view that inflation is "transitory" and considering completing the TAPER ahead of schedule; Ministry of Environmental Protection: It is strictly forbidden to take simple and rude actions
    such as emergency shutdown and production suspension in response to inspectors.

    There are many bearish factors in short-term macro news, Powell's hawkish remarks have hit the bullish enthusiasm of the market, and both internal and external markets have ushered in different degrees of corrections; From the perspective of comprehensive domestic fundamentals, aluminum prices do not have a further rise basis, or still continue to fluctuate in the range of 1.
    8-19,000, the strong support below is concerned about 18,000, it is recommended that merchants sell goods appropriately at a high level, and the price of aluminum may bottom out at night, but the range is limited, and the overall is still weak;

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