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    Home > Chemicals Industry > New Chemical Materials > Overnight, base metals collectively moved higher, and Shanghai aluminum performed strongly

    Overnight, base metals collectively moved higher, and Shanghai aluminum performed strongly

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    In the last trading day, the average price of Yangtze River nonferrous aluminum rose 160 to 11750, and the average price of nonferrous aluminum in the South China Sea rose 140 to 12050
    .
    Shanghai aluminum spot monthly contract 1604 opened at 11690, the highest 11800, the lowest 11650, closed at 11700, up 75 or 0.
    65%.

    The dollar index opened at 96.
    27, peaked at 96.
    40, reached a low of 95.
    84 and closed at 95.
    98, down 0.
    29 or 0.
    30%.

    The aluminum warehouse receipt decreased by 3416 tons to 229350 tons
    .

    Shanghai aluminum

    News side: 1.
    The US existing home sales index in February was 3.
    5% month-on-month, 1.
    1% expected, and the previous value was revised to -3% from -2.
    5
    %.
    The US existing home sales index for February was 5.
    1% year-on-year, -0.
    5% expected, and -1.
    5%
    in the previous month.

    2.
    US personal consumption expenditures (PCE) in February were 0.
    1% month-on-month, 0.
    1% expected, and 0.
    5% in the previous month were revised to 0.
    1%.

    US real personal consumption expenditures (PCE) for February were 0.
    2% m/m vs 0.
    1% expected and 0.
    4%
    prior.
    US personal income in February was 0.
    2% month-on-month vs 0.
    1% expected and 0.
    5%
    prior.
    The US PCE price index for February was 1% year-on-year, 1% expected, and revised from 1.
    3% in the previous month to 1.
    2%.

    The US PCE price index for February was -0.
    1% m/m, -0.
    1% expected and 0.
    1%
    prior.
    The US core PCE price index for February was 1.
    7% year-on-year, 1.
    8% expected and 1.
    7%
    prior.
    US Core PCE Price Index for February 0.
    1% m/m vs 0.
    2% expected vs.
    0.
    3% prior.

    3.
    After the release of the new policies in the Shanghai property market, the detailed rules of housing loans have been further clarified, among which the upper limit of the preferential interest rate of the first home loan has been set at 9%.

    "The interest rate concession for the first home cannot be greater than 9% off, so there will be no 8.
    5% discount and a larger discount in the future, and if there is a larger interest rate (concession), it will violate the resolution of the New Real Estate Deal
    .
    " Duan Chaoliang, President of China Construction Bank Shanghai Branch, made it clear at the opening event of Shanghai Bank on the afternoon of March 28
    .

    Today's aluminum price analysis: overnight base metals collectively higher, Shanghai aluminum performance strong, recovered the day's decline and hit a new high in this round of rebound, approaching around
    12,000 step by step.
    Aluminum prices are expected to continue to rise today, for reference
    only.

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