Shanghai aluminum afternoon review on February 16

In terms of news, the Russian-Ukrainian game has a easing trend, but it is still necessary to observe that if the war breaks out, Russia, as an important exporter of energy and aluminum in Europe, will lead to a sharp rise in the price of aluminum and affect Shanghai aluminum
.
In summary, the limited supply and the impact of the outbreak of the "war" between Russia and Ukraine, Shanghai aluminum will remain high, and there are no downward factors
in sight.

Domestically, this week's electrolytic aluminum social inventory increased by 45,000 tons to 994,000 tons, the supply side is more disturbed, following the Guangxi Baise after the Yunnan Wenshan epidemic again, the local aluminum plant has been closed for management, currently have not heard of the news of production reduction, but the market for the supply side of the tight expectation is strong, in addition to the price of alumina also because of the epidemic + Winter Olympics production restrictions and rise, to the cost side of strong support, but high prices may have a certain inhibitory effect on downstream consumption, it is expected that aluminum prices will fluctuate at a high level in the short term
。