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    Home > Chemicals Industry > New Chemical Materials > March 4 Lun aluminum noon review

    March 4 Lun aluminum noon review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Overnight, aluminum rose slightly, and Shanghai aluminum also rose
    slightly.
    On the macro front, U.
    S.
    personal consumption expenditures in December were worse than expected, personal incomes turned negative for the first time in nearly four years in January, the ISM manufacturing index hit a two-year low in February, and the Markit manufacturing PMI hit a two-year low
    in February.
    The Eurozone, Italy's February manufacturing PMI hit the lowest in nearly six years, and Japan's February manufacturing PMI hit a new low in nearly three years, and the downward pressure on the global manufacturing industry remains
    .

    Lun aluminum

    In terms of inventory, the London Metal Exchange (LME) reported 1232950 metric tons of the latest inventory of London aluminum on March 01, an increase of 13250 metric tons, or 1.
    09%,
    from the previous trading day.

    Domestically, China's Caixin manufacturing PMI rebounded to a three-month high in February, repaired by infrastructure construction, investor sentiment improved, and China's stock market recorded the largest weekly increase in nearly four years
    .
    From the perspective of the industry, the previously announced electrolytic aluminum social inventory is still rising, and there is still pressure
    on aluminum prices.
    In terms of spot trading, the market circulation is sufficient, traders are actively trading, downstream willingness to receive goods is better, and the overall transaction is acceptable
    .

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