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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to rise higher, and the risk of short-term chasing is gradually strengthening

    Shanghai aluminum continues to rise higher, and the risk of short-term chasing is gradually strengthening

    • Last Update: 2022-11-28
    • Source: Internet
    • Author: User
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    In the last trading day, the average price of Yangtze River nonferrous aluminum rose 190 to 10960, and the average price of nonferrous aluminum in the South China Sea rose 200 to 11240
    .
    Shanghai aluminum spot monthly contract 1603 opened at 11035, the highest 11200, the lowest 10995, closed at 11145, up 175 or 1.
    60%.

    Lun Aluminum Electric 3 opened at 1549.
    00, with a high of 1581.
    00, a low of 1546.
    50 and a close of 1575.
    50, up 24.
    50 or 1.
    58%.

    The dollar index opened at 96.
    70, peaked at 97.
    60, drew a low of 96.
    70 and closed at 97.
    38, up 0.
    73 or 0.
    76%.

    LME aluminium stocks fell by 5,825 tonnes to 2781850 tonnes
    .
    The aluminium warehouse receipts of the previous period increased by 697 tons to 210946 tons
    .

    Shanghai aluminum

    News side: 1.
    The meeting of the Political Bureau of the Central Committee emphasized that supply-side structural reform should be the main line to expand effective supply and meet effective demand
    .
    Grasp the balance between stable growth and structural adjustment, and maintain economic operation in a reasonable range
    .
    It is necessary to stabilize and improve macroeconomic policies and continue to implement a proactive fiscal policy and a prudent monetary policy
    .
    Innovate macro-control methods, strengthen interval regulation, directional regulation, and camera regulation, and create a stable environment
    for economic development and structural reform.
    Strengthen supply-side structural reform and enhance sustained growth momentum
    .
    Dig deep into the potential of domestic demand and open up more space
    for development.

    2.
    The preliminary manufacturing PMI of the euro area in February was 51.
    0, a one-year low, expected to be 52.
    0, and the previous value was 52.
    3
    .
    Eurozone services PMI flash reading for February was 53.
    0, a thirteen-month low, 53.
    4 expected, 53.
    6
    prior.
    Eurozone February composite PMI preliminary reading 52.
    7 vs 53.
    3 expected and 53.
    6
    prior.
    3、

    3.
    The Ministry of Commerce received a note from the Under-State Secretariat for Foreign Trade of the State Secretariat for Trade of the Ministry of Production of Argentina, and the Albanian side has received a written application from the industry in the country requesting an anti-dumping investigation
    on automotive aluminum alloy wheels originating in China.
    It is reported that the diameter of the wheel involved in anti-dumping is between
    14 inches and 18 inches.
    In October 2015, the Australian investigative authority issued a final investigation report and investigation conclusions on the anti-dumping and countervailing duty investigation and review of aluminum wheels originating in China, ruling that the dumping margin was 40.
    3%, the subsidy range was 18.
    5%, and the anti-dumping countervailing duty rate
    of 50.
    9% was implemented together.

    Two years ago, India's Ministry of Commerce and Industry issued an announcement that it would make a final anti-dumping ruling
    on cast aluminum alloy wheels or alloy wheels originating in China, South Korea and Thailand.

    Today's aluminum price analysis: overnight black series continued to jump upward, driving non-ferrous metals to continue to rise
    .
    Lun aluminum performed strongly and soared to 1600, and Shanghai aluminum continued to rise
    .
    Spot was driven higher by futures, and the spot discount continued to be 250+
    .
    The risk of short-term chasing increases is gradually increasing
    .
    Aluminum prices are expected to continue to rise today, for reference
    only.

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