echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 1 aluminum market afternoon review

    March 1 aluminum market afternoon review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market noon comment: the US dollar index rose sharply to a one-week high, the next week Lun aluminum high fell to close down nearly 2.
    8%, domestic electrolytic aluminum inventory continued to accumulate, new production capacity continued to be slowly put into production, it is expected that today's aluminum fall.

    Aluminum City

    On Friday, Lun aluminum fell sharply to close the long black candle, closing at $
    2157.
    Shanghai aluminum opened low and closed low at 17070
    overnight.
    Shanghai aluminum trading is basically stable, positions are declining, driven by inflation expectations, market confidence is strong
    .
    However, considering the lack of downstream demand, the risk of high levels is greater, and it may stabilize with copper prices today
    .
    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, it has been reported that some electrolytic aluminum plants began to reduce production, the supply side was impacted
    .
    Powell reiterated in the congressional hearing that monetary easing will continue until there is substantial progress in economic recovery, and the dollar index will remain low and volatile
    .
    Recently, U.
    S.
    Treasury interest rates have risen sharply, and the volatility of risk asset prices has increased, and investors recommend appropriate control of positions
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.