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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on March 4

    Shanghai aluminum afternoon comment on March 4

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum 2204 reported 23655 up 145, LME aluminum closed at 3766.
    5, up 190.
    5; on the macro front, the German economy minister opposed a ban on energy imports from Russia; CME Group (CME) raised the performance bond for crude oil futures April-November contracts from March 4, increasing by $50 to $1500; Powell hearing speech: Before the Ukraine crisis, the Fed was supposed to raise interest rates in March, and it is too early
    to judge whether it will continue to move forward with the rate hike plan.

    Shanghai aluminum

    In terms of fundamentals, domestic electrolytic aluminum into the rapid resumption of production stage, Yunnan power relief, Yunnan aluminum, Shenhuo, etc.
    can return to the pre-production level, the next March can resume production up to one million tons, Guangxi, Qinghai, Shanxi, Guizhou, Gansu and other provinces and regions also plan to start the resumption of production; The epidemic situation in Guangxi was lifted, goods were gradually shipped, Guangdong arrivals increased, and premium weakened; On Saturday, Hydro's Albras aluminum plant in Brazil reduced production by about 110,000 tons due to a 25% reduction in power supply, and is expected to resume production as soon as the second quarter; Aluminum prices rose sharply, and spot discounts expanded
    .

    The Russia-Ukraine crisis continues to escalate, market risk sentiment is high, energy prices have soared, and inflationary pressures have risen; The accumulation of the domestic market is about to end, the peak season is coming, and consumption has stabilized and rebounded; However, the regulatory pressure and high speculative take profit pressure are greater, pay attention to the risk
    of chasing long at a high level.

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