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Brief review of the aluminum market on March 21

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Aluminum market review: On Wednesday, the main contract of Shanghai aluminum 1905 opened at 13760 yuan / ton
in the morning.
Shanghai aluminum slightly lowered before the afternoon, the low touched 13720 yuan / ton, still above all moving averages, then the bulls took the initiative to increase positions, Shanghai aluminum oscillated upward, touched 13825 yuan / ton at the afternoon high, reached the recent high, and closed at 13795 yuan / ton
at the end of the session.
Positions increased by 850 lots to 296544 lots, and the Shanghai aluminum index decreased by 5822 lots to 740750 lots
.
The recovery of downstream consumption and the high spot premium brought about by the recent reluctance to sell have made bulls confident enough, and Shanghai aluminum continued to maintain a strong trend
.
It is expected that Shanghai aluminum will still maintain a strong trend and fluctuate upward
.

Aluminum City

South China South China aluminum ingot quotation of 13900-14000 yuan, the average price of 13950 yuan, up 90 yuan, the premium of the month 260 yuan, morning trading is acceptable, large households continue to receive, after the rise in futures prices, traders increase shipments, receiving goods slightly weakened
.
The mainstream transaction price is concentrated between 13950-13970 yuan, which is 0~+20 yuan
higher than the average price of South China Reserve.

The price of South Reserve East China aluminum ingots was 13930-13970 yuan, with an average price of 13950 yuan, up 80
.
Yangtze River: 13910-13950, 13930 up 50
.
Traders traded actively, the market was mainly based on receiving goods, shippers' quotations were firm during the secondary trading session, spot trading prices continued to rise, and the overall transaction was
acceptable.
The transaction price is between 13920-13960 yuan, which is a premium of
-30~10 yuan compared with the average price of South Reserve East China.

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