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On Monday, the market was closed for the Easter holiday
.
Yesterday, the London Metal Exchange (LME) continued to be closed, and London aluminum opened higher this morning, at 9:00 Beijing time at 1493.
5 US dollars / ton, up 9.
5 US dollars, or 0.
64%.
In terms of inventory, the London Metal Exchange (LME) reported 1,239,700 metric tons of London aluminum on April 9, an increase of 12,250 metric tons, or 1.
00%,
from the previous trading day.
Alumina prices continued to fall, which eased the losses of electrolytic aluminum companies
.
The shrinking loss has reduced the willingness of electrolytic aluminum enterprises to reduce production, and the market has remained surplus overall
.
The current core contradiction of aluminum prices is still concentrated on epidemic control
.
The epidemic situation abroad continues to deteriorate, and judging from the number of new confirmed cases, the overseas epidemic situation has no easing trend
.
The worsening of the overseas epidemic has led to a contraction in foreign consumption, and aluminum exports have been restricted
.
Recently, the market risk appetite has improved, and risk assets have rebounded to a certain extent
.
However, the height of the rebound is expected to be limited until the overseas epidemic is effectively controlled, and the new order recommends waiting and waiting for
the time being.
