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After the holiday, the rapid rise of Shanghai aluminum and even the entire nonferrous sector
.
This round of aluminum market rally benefited from the resonance
of macro and fundamentals.
On the one hand, the global epidemic has begun to ease under the background of vaccine promotion, and the economic recovery is expected to make global risk assets strong
.
The Federal Reserve has continuously reiterated its highly accommodative monetary policy stance, a new round of US stimulus bill of $1.
9 trillion may land in March, and inflation trading has helped non-ferrous metals run
stronger.
On the other hand, the fundamentals of the aluminum market are good, since the second quarter of last year, the rapid recovery of real estate, automobiles, new energy and other fields has made domestic aluminum consumption maintain rapid growth, this year's peak season is expected to be strong, the aluminum market is expected to return to low inventory
.
After the Shanghai aluminum broke through the 10,000 seven, the upper space opened, maintaining the bullish idea, but the colored plate was overheated and vigilant against the risk
of a phased pullback.
Follow-up macro attention will pay attention to the progress of global epidemic vaccines, the trend of US dollar and US bonds, monetary policy rhetoric, and the landing of
fiscal stimulus.
In terms of industry, focus on peak season consumption, pay attention to the spot premium of aluminum ingots and changes in inventory rhythm
.
Whether the implementation of capacity reduction in Inner Mongolia has caused Xinjiang, Shandong and other provinces with large aluminum production capacity to introduce similar policies may also become a new topic
in the future.
