echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 14

    Shanghai aluminum afternoon review on May 14

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The main contract of Shanghai aluminum closed down yesterday night, the dollar index consolidated, and Lun aluminum is now running at 2450 US dollars / ton, after refreshing a new high
    in more than a decade.
    Risk assets continued to adjust sharply, which was more affected by the fact that the rise in non-ferrous metals was driven more
    by liquidity.

    Shanghai aluminum

    On the macro front, the US PPI hit a record high of 6.
    2% year-on-year in April, and the CPI announced earlier also reached a new high, but many Fed governors said that inflation was overreacting; On May 12, the National Assembly called for market regulation to deal with the rapid rise
    in commodity prices.

    Inflation data in various countries soared, the market is worried that inflation may tighten the currency earlier, but the attitude of the Federal Reserve and other central banks still believes that long-term inflation pressure is not large, monetary policy will remain loose, European vaccination accelerated, Europe and the United States lifted lockdowns, recovery accelerated again, and domestic long-term carbon neutral demand expansion superimposed on supply has ceiling restrictions favorable to copper and aluminum, high mood fluctuations increased; Short-term consumption is suppressed by high-priced aluminum, but it is resilient, and it is recommended to go long and wait and see
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.