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Shanghai aluminum afternoon comment on July 28

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

balance sheet statement

calm

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Overnight, the main Shanghai aluminum 2209 closed at 18300, up 295, and LME aluminum closed at 2426, up 4; The Fed raised interest rates by 75 basis points as scheduled, and the market was calm
.

Shanghai aluminum

On the macro front, the IMF continued to cut the global economic growth rate in 2022 to 3.
2%, which was further downgraded from its April forecast.
The Fed raised interest rates by 75 points as scheduled, and the policy statement still emphasized inflation risks, accelerating the balance sheet reduction in September as planned, but did not believe that the economy was in a recession
.

The Fed raised interest rates by 75 basis points as scheduled, and said that there was no recession in the economy, and the market's expectation of slowing down the path of interest rate hikes eased the pressure of recession and risk appetite recovered; Aluminum fundamentals are generally performing, inventories are rebounding, and short-term prices are expected to fluctuate strongly, and it is recommended to wait and see
.

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