December 2 Shanghai aluminum brief comment

In terms of macro, the manufacturing PMI in November was 50.
1%, up 0.
9 percentage points from the previous month, and energy supply and price stabilization were effective; Fed Powell said that the risk of rising inflation increases, abandoning the view that inflation is "transitory" and considering completing the TAPER ahead of schedule; Ministry of Environmental Protection: It is strictly forbidden to take simple and rude actions
such as emergency shutdown and production suspension in response to inspectors.

There are many bearish factors in short-term macro news, Powell's hawkish remarks have hit the bullish enthusiasm of the market, and both internal and external markets have ushered in different degrees of corrections; From the perspective of comprehensive domestic fundamentals, aluminum prices do not have a further rise basis, or still continue to fluctuate in the range of 1.
8-19,000, the strong support below is concerned about 18,000, it is recommended that merchants sell goods appropriately at a high level, and the price of aluminum may bottom out at night, but the range is limited, and the overall is still weak;