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As of the afternoon close, the main 2206 contract of Shanghai aluminum closed down at 19775, down 490, or 2.
42%.
Recently, the United States and Britain once again launched a new round of sanctions against Russia, the global economic fragmentation situation intensified, and the domestic demand caused by the early epidemic has not eased, and the market customer sentiment is strong, multiple instability superimposed on the aluminum market pressure is still relatively serious, short-term prices still maintain a weak shock pattern, the future market needs to look forward to further national policy support and a large number of enterprises to resume work and production to inject vitality
into the aluminum industry chain.
Recently, due to the epidemic and economic downturn concerns and other multiple negative factors superimposed, aluminum prices continue to pullback, downstream more cautious, wait-and-see, procurement willingness is not strong, it is expected that the market will gradually rise as the price recovers, and inventory is expected to remain dematerialized
.
Pay attention to whether aluminum can stabilize tomorrow, and it is recommended to continue to wait and see and wait for low buying; Shanghai aluminum continues to focus on 19000 support, and spot aluminum is expected to narrow its decline
.
