Shanghai aluminum afternoon review on February 25

In terms of news, domestic electrolytic aluminum into the rapid resumption of production stage, Yunnan power relief, Yunnan aluminum, Shenhuo, etc.
can return to the pre-production level, the next three months can resume production up to one million tons, Guangxi, Qinghai, Shanxi, Guizhou, Gansu and other provinces and regions also plan to start resuming production; The epidemic situation in Guangxi was lifted, goods were gradually shipped, Guangdong arrivals increased, and premium weakened; On Saturday, Hydro's Albras aluminum plant in Brazil reduced production by about 110,000 tons due to a 25% cut in power supply, and is expected to resume production
as soon as the second quarter.

Domestic policies for stable growth and stable housing market have been continuously introduced, and the stabilization of real estate has promoted market sentiment; In the medium term, US inflation continues to rise, the Fed raises interest rates slowly, the level of domestic and foreign aluminum inventories is low, production capacity is still recovering, production has not been released for the time being, the peak season is coming, prices are supported, and over-fall can be appropriately bargained and long; The recent escalation of the situation in Russia and Ukraine, sanctions have not affected aluminum supply, less than market expectations, and spot demand recovery is slow, spot discount is large, production capacity recovery is expected to be large, price upward resistance is large, and prices are expected to remain high and volatile
.