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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on March 24

    Brief review of Shanghai aluminum on March 24

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's aluminum price showed a high volatility trend, the late rise narrowed, and there was a downward trend; As of the afternoon close, the main 2205 contract of Shanghai aluminum closed up at 23190, up 210, or 0.
    91%.

    Shanghai aluminum

    From the February export data, the increase exceeded the standard is actually expected, due to the previous external strength and internal weakness situation, the Shanghai ratio continued to fall resulting in an increase in export profits, domestic aluminum enterprises export willingness to also increase significantly, but with the narrowing of the price difference, Shanghai aluminum will return to the common trend again, yesterday's macro news boosted aluminum prices ushered in a sharp rise, but overseas market sentiment eased, expected aluminum to continue to rise pace or will slow down
    .

    On the one hand, the domestic aluminum price is supported by the continuous dematerialization of the social treasury, the performance is relatively strong, on the other hand, the influence of the emotional side also drives the price upward, but the current market spot has shown a certain premium phenomenon, high prices have promoted the cost of the middle and downstream enterprises to rise, the market pressure is obvious, the main force of Shanghai aluminum is still under pressure at 23500, aluminum prices may be difficult to continue to rise, night trading needs to be vigilant of Shanghai aluminum from rising to falling risk, operational recommendations for the time being
    .

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