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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on December 8

    Shanghai aluminum afternoon comment on December 8

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum 2201 closed at 18910, up 155, LME aluminum closed at 2624.
    5, up 30.
    5; the current terminal market consumer confidence still needs to be boosted, aluminum ingots to the warehouse during the week, but the current pattern of bulls power is insufficient, the discount has narrowed, and there
    is still support below.

    Shanghai aluminum

    On the macro front, Fed Powell said that the risk of rising inflation has increased, abandoning the view that inflation is "transitory" and considering completing the taper ahead of schedule; The central bank decided to cut the deposit reserve ratio by 0.
    5% on the 15th, release liquidity of about 1.
    2 trillion yuan, and reduce the interest rate for small reloans for agricultural support; the Political Bureau of the Central Committee held a meeting, which emphasized the need to promote the construction of affordable housing, support the commercial housing market to better meet the reasonable housing needs of buyers, and promote the healthy development of the real estate industry and a virtuous circle
    .

    Before the holiday, the downstream replenishment consumption, the start of work has rebounded, the outbound demand is strong, the upstream ingot volume has declined, the arrival demand has declined, the inventory is expected to be significantly degraded in the near future, and the short-term price has a certain support, but the current spot is still discounted, Yunnan resumed production increased, approaching the holiday off-season, the cost fell sharply, the profit of electrolytic aluminum returned, the price upward resistance is strong, and the short-term price is expected to continue to maintain a volatile trend
    .

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