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February 22 Shanghai aluminum afternoon comment

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Shanghai aluminum performance was volatile
on Friday night.
The global epidemic is easing against the backdrop of vaccine promotion, and economic recovery is expected to make non-ferrous metals run
strongly.
During the Spring Festival, the domestic social inventory of aluminum ingots increased by about 120,000 tons, lower than last year's level, and the spot discount of aluminum ingots narrowed to flat water, indicating good buying demand in the market
.
Celebrating the holiday in place may make consumption recover faster after the holiday than in previous years, if the accumulation volume continues to be low, Shanghai aluminum may continue to fluctuate strongly, pay attention to the positive set of opportunities
.

Shanghai aluminum

The price of Chinalco East China AOO aluminum ingots was 16430 yuan / ton, up 200 yuan
.
During the Spring Festival, the accumulation of aluminum ingot social inventory was lower than in previous years, and the accumulation after the holiday was smaller than expected, due to the impact of "local New Year" in some areas, the resumption of work of downstream enterprises is expected to accelerate, and spot aluminum prices are expected to rise
today.

Aluminum prices rose sharply this week, with London aluminum up 2.
8% and Shanghai aluminum rising 3.
7%; After the year, the internal and external market gains are more ferocious, macro policy superimposed on market sentiment to promote aluminum prices to break through the high, but considering the recent rise is too large, next week aluminum prices may have the risk of shock fall, Shanghai aluminum main force temporarily look at 16,000 support
.

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