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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on February 21

    Shanghai aluminum afternoon review on February 21

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum 2204 reported 22625 fell 90, LME aluminum closed at 3266.
    5 up 8; macro aspect, the State Council stressed that continue to do a good job in ensuring the supply of bulk commodities and stabilizing prices, and maintain basic price stability; recently, the National Development and Reform Commission and other ministries and commissions have strengthened the supervision of iron ore and coal
    .
    The United States continues to emphasize Russia's invasion of Ukraine, and Russia has repeatedly stated that there are no such plans
    .

    Shanghai aluminum

    Domestic electrolytic aluminum into the rapid resumption of production stage, Yunnan power relief, Yunnan aluminum, Shenhuo, etc.
    can recover to the pre-production level, the next three months 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 from lockdown, and goods were gradually shipped; On Saturday, Hydro's Albras aluminium plant in Brazil cut production by about 110,000 tonnes due to a 25 percent cut in power supply
    .

    The policy supervision pressure is strong, the Shanghai aluminum position is low, the demand recovery is slow, the performance is average, and the short-term price has been suppressed to a certain extent, but the bearish has been reflected in the price to a large extent; Considering the arrival of demand in the post-holiday peak season and the expectation of stable growth, if demand picks up, prices have more room to
    rebound.

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