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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on February 15

    Brief review of the aluminum market on February 15

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Brief comment on the aluminum market: As of the close of 3 p.
    m.
    , the main 2203 contract of Shanghai aluminum closed up at 22685, up 145, or 0.
    64%.

    Aluminum City

    The current overseas focus is undoubtedly still on the contradiction between Russia and Ukraine, as the intensity of the confrontation further escalates, market concerns are gradually deepening, and if there is a substantial conflict in the future, it may lead to sanctions against Rusal, and the support below the aluminum price will gradually strengthen
    under the expectation of strengthening the global supply shortage.

    From the perspective of the domestic aluminum market, the downstream consumption after the holiday gradually recovered, the operating rate of aluminum enterprises rose rapidly, the inventory accumulation rate slowed down, comprehensive from many angles, the fundamentals of the aluminum market are still biased towards the good, aluminum prices continue to rise space is still expected, but in the short term, we need to be vigilant about the market risks caused by the intensification of the Russian-Ukrainian conflict; Shanghai aluminum can pay attention to the range of 22200-23000, the operation is recommended to wait and see, it is expected that tomorrow's spot aluminum will continue to consolidate at a high level
    .

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