echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on March 28

    Brief review of Shanghai aluminum on March 28

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    As of today's afternoon close, the main 2205 contract of Shanghai aluminum closed down at 23030, down 25, or 0.
    11%.

    Aluminum prices were mixed during the day, and the overall volatility was large
    .

    Shanghai aluminum

    Affected by the frequent outbreak of the domestic epidemic in recent days, domestic inventory has once again turned into accumulation, in addition, the epidemic has also reduced downstream demand to a certain extent, poor transportation has led to production difficulties for enterprises, and the short-term has a certain negative impact
    on aluminum prices.

    On the whole, the main contradiction affecting the current aluminum price is still the trend of the situation in Russia and Ukraine, and it is easy to cause large fluctuations
    in aluminum prices.
    Better domestic fundamentals are also a factor
    supporting aluminum prices.
    The reality is a seasonal pick-up in demand, and expectations are improved by policy
    .
    However, the negative impact of the epidemic on transportation is still there, and whether it will affect aluminum ingot production in the future needs continued attention
    .

    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.