The rapid rise of Shanghai aluminum may have more rebound momentum

This round of aluminum price rise, mainly due to the tight
supply and demand of aluminum.
During the Spring Festival this year, the epidemic prevention and control upgrade in Guangxi Baise Province, the main producer of electrolytic aluminum in China, limited local production capacity
.
In addition, with the recovery of the domestic infrastructure real estate sector and the wide application of aluminum strip in new energy vehicles and aviation materials, the demand for aluminum market is ushering in rapid growth
.

In terms of news, on the evening of the 17th, as many parties confirmed that eastern Ukraine once "rumbled", global financial market tension reappeared, and European and American stock markets and bulk markets experienced a temporary break and then waves
.

At present, the fundamentals of non-ferrous metals such as copper and aluminum continue to show structural mismatch in the medium and long term, and at the same time, the off-season under the new and old infrastructure investment is expected to strengthen price resilience, but after the holiday, the geopolitical situation in Europe was fanned by the US authorities, coupled with the increase in domestic commodity supervision, overseas macro and regulatory risk restrictions, prices rose too quickly in the short term, the current short-term copper and aluminum prices consolidated below the support waiting for a breakthrough opportunity, winter to spring when nonferrous metals will have more rebound momentum
.