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Shanghai aluminum afternoon review on August 19

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Yesterday's Shanghai aluminum shock downward, the latest data showed that the growth of US industrial production was higher than expected, and the dollar index returned above the 93 mark, putting some pressure
on the non-ferrous sector.
The adjustment of railway transportation policies in Xinjiang in China and the epidemic prevention and control in various places have led to poor delivery of aluminum ingots and aluminum rods, and there has been a partial backlog, while the supply of aluminum ingots in Gongyi area has been affected
by the epidemic.

Shanghai aluminum

Fundamentally, the supply-side power and production restrictions are still continuing
.
Some aluminum processing enterprises in Henan downstream have resumed operation, but the overall consumption is still in the seasonal off-season
.
The recent slow recovery of transportation in Henan has led to the concentrated arrival of aluminum ingots stranded in the early stage, and the latest inventory data shows that aluminum ingots have accumulated slightly
.

In terms of price, since the supply and demand ends of aluminum will still benefit from the impact of the concept of "carbon neutrality" for a long time in the future, and the macro liquidity inflection point has not yet officially arrived, it is necessary to continue to pay attention to the impact of
power restrictions and production restrictions.

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