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Last week, aluminum prices soared and fell, and the main force of Shanghai aluminum fell by 6.
51%; Lun aluminum fell 9%; During the week, the performance of Shanghai aluminum rushed back down, the main force of Shanghai aluminum intraday once 24000 mark, but failed to stand, then ushered in two consecutive days of sharp correction, as of Friday's close, the main 2204 contract closed down at 22035, down 6.
51%.
Intraday aluminum prices continued to update record highs, reaching a maximum of $4073.
5, but a sharp correction at the end of the day, as of Friday, the cumulative decline of nearly 9%;
With the intensification of the Russian-Ukrainian war, the war gradually spread from the physical war to the financial war, European and American countries have successively announced a series of sanctions against Russia, in the context of the continuous rise in energy prices, the market is more and more serious about supply, helping London aluminum hit a new high; However, with the occurrence of the London nickel short event, the LME market struck hard, and Lun aluminum pulled back sharply, once falling back to $
3400.
In terms of the market, the market is unstable, aluminum prices have plummeted, the market wait-and-see sentiment is prominent, and downstream enterprises are taking advantage of the dip and receiving goods
on demand.
South China, as of Friday, Foshan Nanhai aluminum ingot ticket price between 22070-22170 yuan / ton, down 1990 yuan / ton from last Friday, down 8.
25%, the decline is significantly wider than East China, the current aluminum ingot price difference between East China and South China is about
240 yuan.
East China, London nickel was forced short, bulls quickly left the market, causing market turmoil, aluminum prices plummeted during the week, the largest decline in a single day once exceeded 1100 yuan / ton, as of Friday East China spot aluminum prices between 21860-21900 yuan / ton, down 1570 yuan / ton from last Friday, down 6.
7%; In the spot market, the market panic is heavier, downstream enterprises are more wait-and-see, waiting for the market to stabilize, and the receipt of goods is mostly reflected in last Friday, traders are risk-avoided, the activity in the week is not high, and the transaction is limited
.
Under the overseas disturbance, the internal and external aluminum prices soared to a new high in recent days, but under the profit of the bulls, the aluminum price then welcomed the correction; In the short term, the recovery of risk appetite coupled with the improvement of demand expectations under the arrival of the domestic peak season will continue to drive the price recovery, Shanghai aluminum or gradually stand at the 22000 mark, London aluminum focus on 3450-3600
.
