Brief review of Shanghai aluminum on March 9

In the short term, the market is repeated, aluminum prices have experienced a sharp rise and fall, the main controlling factor is still the overseas energy crisis and the derivative effect of capital exit, as far as domestic fundamentals are concerned, the demand side is still in the stage of just need to recover, the actual demand has not risen sharply, so feedback to inventory, the domestic social library still maintains a state of accumulation, and then the spot price support is limited
.

On the other hand, due to the sharp rise in nickel prices recently, LME and the previous period have launched a series of countermeasures, bulls quickly profit out of the market, in the short-term market panic, it is expected that Shanghai aluminum will continue to weak shock, due to the increase in the volatility range, it is recommended to pay attention to 21,000 support below, and wait and see for the time being; It is expected that tomorrow's spot aluminum is weak
.