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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on March 1

    Shanghai aluminum afternoon review on March 1

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum 2204 reported 22595, down 40, and LME aluminum closed at 3395, up 15; On the macro front, the United States has banned some Russian banks from using SWFIT, and Russian energy exports are still under consideration for sanctions; NDRC formulates coal pricing mechanism, which is scheduled to be implemented from May; Zelensky signed the document
    on Ukraine's application to join the EU.

    Shanghai aluminum

    Domestic electrolytic aluminum into the rapid resumption of production stage, Yunnan power relief, Yunnan aluminum, Shenhuo, etc.
    can recover 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 the resumption of 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.

    The Russia-Ukraine crisis continues to escalate, and market risk sentiment is high; The accumulation of the domestic market is about to end, the peak season is coming, consumption has stabilized and rebounded, it is recommended to go long in the short term; However, the regulatory pressure and high speculative take profit pressure are greater, pay attention to the risk
    of chasing long at a high level.

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