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As of the afternoon close, the main 2206 contract of Shanghai aluminum closed up at 20265, up 515, or 2.
61%.
Aluminum prices continued to rebound during the day, Shanghai aluminum in the beginning of the week after breaking the 20,000 mark today as expected to return to above 20,000 fluctuations, from a technical point of view, the current aluminum price rise curve is still not stable, or will maintain a slight strong fluctuation
above 20,000.
Macro speaking, although the Fed has recently thrown out remarks such as raising interest rates by 75 basis points, the market is relatively immune to its performance, and interest rate hike expectations have been digested in advance; Domestically, the release of short-term bearish news eased market tension, on the other hand, the process of stepping up the resumption of work and production in various places has also promoted market confidence, it is expected that the recent aluminum price or continue to pick up the trend, but the actual upside is limited, the fundamentals are in repair, Shanghai aluminum attention range 19800-20800 fluctuations, the operation can just need to stock, cargo merchants high shipments
.
