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Shanghai aluminum morning review on May 15

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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Overnight, Shanghai aluminum performance was volatile
.
Monthly new loans far exceeded expectations, and medium and long-term loan demand was strong
.
The regulator calms the market and sets a buffer period for the rectification of the financial system, which will alleviate the negative impact brought by supervision and benefit the market in the
short term.
The Belt and Road Initiative is expected to boost infrastructure investment expectations
.
Short-term Shanghai aluminum performance is more
.

Shanghai aluminum

In terms of spot, the narrow range of aluminum futures closed at 13715 yuan / ton before noon of the month, Shanghai spot trading concentrated 13690-13710 yuan / ton, the month discount 10 to flat water, Wuxi spot transaction 13680-13710 yuan / ton, Hangzhou spot transaction 13720-13730 yuan / ton
.

In terms of news, under the influence of various factors such as environmental protection inspection, low alumina prices and high costs, alumina has opened a new round of production
reductions.
As alumina companies reduce production, prices are expected to stabilize, and the cost of electrolytic aluminum is facing resistance to further decline
.
Of course, because the current production profits of aluminum plants are still relatively rich, it will not affect the price of aluminum for the time being
.
Xinjiang, Shandong and Inner Mongolia have successively introduced electrolytic aluminum clean-up plans, which are the same as the 656 document notice led by the National Development and Reform Commission, and local policies have not shown more radicalism
.
The game between policy expectations and fundamentals will continue for some time
.
According to the plan, this week for electrolytic aluminum plant enterprises to report the last time, the time node is sensitive, beware of news to stimulate the rebound
of aluminum prices.

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