Aluminum price has a margin of safety
Since late July, due to cost support under electrolytic aluminum, there has been capacity support in the long run. Therefore, Shanghai aluminum prices have risen once, but they are affected by external disturbance factors and investors worry about domestic macroeconomic trends, aluminum plate stock prices and electrolytic aluminum. The price deviates from each other more obviously.
However, the recent national regular meeting will set a macro-control policy for the second half of the year. It is expected that the fiscal sector will be more active in the second half of the year, and the monetary policy needs to be moderately moderate. The A-share market will be favored by funds, and the price of aluminum will still have room to rise.
News Date: August 7, 2018. Reported by Maggie.