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    Home > Chemicals Industry > New Chemical Materials > January 18 Shanghai aluminum brief comment

    January 18 Shanghai aluminum brief comment

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum intraday higher failed, the main contract broke through the 15,000 mark again intraday, but failed to effectively hold, fell back, as of the close at 14940 yuan / ton, up 80 yuan from the previous trading day, an increase of 0.
    54%.

    Shanghai aluminum

    Recently, the global market continues to adjust around the political and economic policy expectations of major countries, global asset prices, especially the stock market and commodity high, the short-term core focus is on the epidemic vaccine race, major country policies and economic recovery situation, the current "pro-cyclical" varieties led by copper and aluminum are limited by the weakening of supply and demand in the traditional off-season in the uncertainty of macro expectations, and short-term price shocks give up some of the previous gains
    .

    Affected by the epidemic and the approaching Spring Festival, downstream consumption weakened, the trend of aluminum prices was mainly led by fundamentals, and it was difficult to make a substantial breakthrough in the short term, the main contract continued to pay attention to the pressure of the 15,000 mark, cautiously chasing higher, and later pay attention to the Biden administration's plan to promote the progress of
    the $1.
    9 trillion economic stimulus plan.
    It is expected that tomorrow's spot aluminum will not fluctuate much, or fall
    slightly.

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