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    Home > Chemicals Industry > New Chemical Materials > February 17 Shanghai aluminum brief comment

    February 17 Shanghai aluminum brief comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2203 contract of Shanghai aluminum closed up at 22585, up 65, or 0.
    29%.

    Shanghai aluminum

    At present, the geopolitics of Russia and Ukraine continues to ferment, which is pros and cons for our aluminum market; On the one hand, if the situation between Russia and Ukraine continues to deteriorate or even trigger a war, it will form a certain risk suppression on the global financial market, and the commodity market will also be affected by it under the expectation of rapid tightening of liquidity, which will have a certain negative impact
    on aluminum.

    Russia, as one of the major aluminum producers, if it is subject to sanctions, it will inevitably aggravate the global aluminum supply crisis, thereby pushing up aluminum prices; However, in the short term, the tension between Russia and Ukraine has promoted the weakening of market risk appetite, aluminum prices are more affected by bearishness, Shanghai aluminum still needs to be vigilant against the risk of consolidation pullback, the main force can continue to pay attention to the 22200-22700 range shock, the operation can wait and see
    .

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