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    Home > Chemicals Industry > New Chemical Materials > February 26 Shanghai aluminum brief comment

    February 26 Shanghai aluminum brief comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2104 contract of Shanghai aluminum closed up at 17465, up 235, or 1.
    36%; Shanghai aluminum fluctuated greatly during the day, but the overall upward trend
    was still maintained.

    Shanghai aluminum

    Recently, it was reported that Inner Mongolia was focused on the interview because of the failure to complete the "dual control" index, the government or increase environmental protection efforts, local electrolytic aluminum enterprises may reduce production, which is conducive to the rise of aluminum prices
    .

    In terms of fundamentals, yesterday's domestic social stocks increased by another 51,000 tons to 1.
    108 million tons, and the accumulation rate of aluminum ingots accelerated after the holiday, and short-term aluminum ingot stocks are expected to increase first and then fall
    .
    Although the short-term aluminum price performance is eye-catching, the increase in medium-term supply under the high price and high profit and low inventory is obvious, and there is a risk
    of correction in aluminum prices.

    In the short term, due to the recent rise too large, next week aluminum prices may have appropriate adjustment needs, but the overall or still continue to run at a high level, the main force of Shanghai aluminum can continue to pay attention to the fluctuation of 1.
    7-17,800 range, operational recommendations for the time being, mainly wait and see, downstream shortage can be replenished on demand in a small amount; it is expected that spot aluminum will remain strong next week
    .

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