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Shanghai aluminum afternoon review on July 14

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

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Overnight, the main Shanghai aluminum 2208 closed at 17435, down 25, and LME aluminum closed at 2359 down 1; Europe's deep energy crisis recession fears intensified, the dollar broke through 108 points strongly, and industrial metals fell under pressure
.

Shanghai aluminum

In terms of macro, mortgages have been suspended in many places in China, and real estate has once again fallen into a thunderstorm; U.
S.
consumer prices jumped 9.
1% year-on-year in June, the biggest increase in more than 40 years, higher than expected, and pressure to raise interest rates rose
in July.

At present, inflation in the United States has reached a new high, the pressure to raise interest rates in July has risen, while recession fears remain overshadowed, the dollar is strong, and commodities are suppressed
.
Fundamentals are performing poorly, demand continues to decline, transactions are poor, and inventories are expected to rebound
.
It is expected that the rebound of aluminum prices will not be large, and it is recommended to go short
at the high.

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