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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on March 7

    Brief review of Shanghai aluminum on March 7

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Russia-Ukraine conflict once again detonated the non-ferrous market, non-ferrous metals internal and external trading rose across the board, Shanghai nickel intraday limit rise, London nickel rose more than 27%, a single day up more than $8,000; Lun Aluminum also recorded a new high, breaking through the $4,000 mark, while as of the close, the main 2204 contract of Shanghai aluminum closed up at 24020, up 385, or 1.
    63%.

    Shanghai aluminum

    From the short-term market point of view, whether it is commodities or energy products, etc.
    , are affected by the derivative effects of the Russian-Ukrainian conflict, a series of supply chain, transportation and cost problems caused by this have disturbed the global aluminum market.

    At present, the internal aluminum market is also showing a rising trend, but the actual situation is "strong outside and weak inside", the actual rise of Shanghai aluminum is not obvious, on the one hand, based on the fundamentals of the domestic market, on the other hand, the state also voiced to curb the price gouging of commodities; Therefore, on the whole, short-term spot prices will still be strong, and Shanghai aluminum can refer to 24200 breakthroughs; If it fails to gain a foothold, you need to be wary of the risk
    of a pullback in market sentiment.

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