February 26 aluminum market afternoon comment

Overnight, Lun aluminum once rose to a new high of $2243, and then fell back to close Xiaoyang, closing at $
2218.
5.
Shanghai aluminum opened slightly lower in the night session, once rising sharply to a new high of 17695 before retreating to close the small white candle with a long upper lead, closing at 17470
.
Shanghai's aluminum trading positions are basically stable, driven by inflation expectations, market confidence is strong, and Shanghaialuminum has reached a new high
.
However, considering the lack of downstream demand, the risk of high levels is greater, and it may be adjusted
with copper prices.
Upper pressure 17500, lower support 16500
.

Inner Mongolia has not passed the annual total energy consumption and intensity dual control target assessment results, the local electrolytic aluminum production capacity will be affected to a certain extent, and it has been reported that some electrolytic aluminum plants have begun to reduce production
.
At the congressional hearing, Powell reiterated that easing policy will continue until there is substantial progress in economic recovery, monetary easing will continue, and the dollar index will remain low and volatile, which will benefit non-ferrous metal prices
.
Data released yesterday showed that the social inventory of electrolytic aluminum rose to 1.
08 million tons, and the market's negative factors for the rise in inventory were basically released
.
With the acceleration of economic recovery in the United States and other economies, and the strengthening of inflation expectations, aluminum prices are prone to rise and fall
.