Shanghai aluminum afternoon comment on February 9

Domestically, due to the production restrictions of the Winter Olympics, the supply of alumina in Shandong is in short supply, the price is rising rapidly, and the market is expected to have little impact on electrolytic aluminum production; In addition, Shanxi and Henan alumina also had corresponding control measures
during this period.
The epidemic situation in Baise in Guangxi was fully controlled, the production of electrolytic aluminum oxide was greatly affected, the shipment of aluminum ingots and aluminum rods was blocked, a positive case appeared in an aluminum plant, closed management, and the market rumors that the aluminum plant will all stop production and affect the start of 420,000 tons; Yunnan's power rationing is expected to ease significantly, up to one million tons of production capacity will begin to restore power supply in the next two months, and the resumption of electrolytic aluminum production capacity is expected to accelerate
.

Overseas economic performance is strong, inflationary pressures are increasing, monetary tightening is accelerating, but energy prices are still rising, and metal costs are strongly supported; The resumption of domestic aluminum production capacity has accelerated, and the supply shortage is expected to be greatly alleviated, but the low level of domestic and foreign aluminum inventory has significantly supported the price; The short-term Bose epidemic continues to ferment, overseas aluminum bullish enthusiasm is high, it is recommended to follow the short-term appropriately, but too fast a rise will inevitably force the demand recovery after the holiday is not smooth, and the high lock inventory profit preservation
.