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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on February 5

    Shanghai aluminum afternoon review on February 5

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum continued to perform strongly, with the main contract standing at 15,400 yuan / ton
    .
    This week, the social inventory of aluminum ingots increased by 32,000 tons, the accumulation of warehouses in East China and South China is still not obvious, the structure of Shanghai aluminum back has expanded, and the basis has risen to boost Shanghai aluminum
    .
    Low inventories and strong expectations of post-holiday consumption recovery have contributed to the market's weak off-season performance
    .
    Approaching the Spring Festival, it is recommended to wait and see, and pay attention to the opportunity to enter after the festival
    .

    Shanghai aluminum

    In the market, the accumulation of social inventory of aluminum ingots is still continuing, but the accumulation range is expected to be low, and the start of processing enterprises may be higher than in previous years, and the current macro atmosphere has warmed, and spot aluminum prices are expected to rise today

    Although it is currently in the process of accumulating stocks during the Spring Festival, traders' willingness to ship has declined, and the market circulation is not very much, coupled with only a few trading days before the Spring Festival holiday, downstream enterprises that want to participate in value preservation have to enter the market, so the aluminum rise starts
    early.
    It should be noted that although the spring market of aluminum prices is worth looking forward to, the upper space is worth imagining, but from now to a week or two after the holiday, the country's supply is in the stage of replenishment, aluminum prices are difficult to appear short-term sharp rise basis, still need to be vigilant against market risks
    .

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