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    Home > Chemicals Industry > New Chemical Materials > July 21 Shanghai aluminum brief comment

    July 21 Shanghai aluminum brief comment

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2208 contract of Shanghai aluminum closed up at 17945, up 55, or 0.
    31%.

    Shanghai aluminum

    Intraday aluminum prices continued to fluctuate sideways, Shanghai aluminum around 17,900 upward fluctuations; from the current macro perspective, central banks will open interest rate meetings, the Bank of Japan maintained a historical low interest rate of -0.
    1% unchanged at noon, in line with market expectations, and this evening the European Central Bank will also conduct a new round of meetings, in view of the poor performance of the eurozone data in June and continued high inflation, the market generally expects its interest rate hike of 25 basis points, but regardless of the geometry of the rate hike, from the impact on aluminum prices, it will tend to be transient and the volatility range is limited.
    More signals still need to wait for the release of the Fed's rate hike next week
    .

    In the short term, we still need to be vigilant about the risk of market decline, because the macro or return to dominance, short-term Shanghai aluminum reference 1.
    76-18,100 range fluctuations, the operation can be temporarily wait-and-see, it is expected that tomorrow's spot aluminum stock may weaken
    .

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