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Brief review of the aluminum market on March 22

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

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Aluminum market review: On Thursday, the main contract of Shanghai aluminum 1905 opened at 13785 yuan / ton
in the morning.
After the opening, Shanghai aluminum maintained a narrow range of oscillation, and the low touched 13755 yuan / ton
.
Subsequently, due to the announcement of the weekly decline of 20,000 tons of aluminum ingot inventory, the empty flat entered the Shanghai aluminum upward rush to touch 13840 yuan / ton, which is a recent high
.
After the bulls took profit and closed their positions, Shanghai aluminum oscillated and closed at 13810 yuan / ton in the afternoon, above all moving
averages.

Aluminum City

Nanchu South China aluminum ingot quotation 13960-14060 yuan, the average price of 14010 yuan, up 60 yuan, the monthly premium of 270 yuan, the absolute price continued to rise, the demand for long orders increased, the demand side received goods unabated, and the overall transaction was active
.
The mainstream transaction price is concentrated between 14000-14030 yuan, which is -10~20 yuan
higher than the average price of South China Reserve.

Nanchu East China aluminum ingot quotation 13990-14030 yuan, the average price of 14010 yuan, up 60
.
Yangtze River: 14000-14040, 14020 up 90
.
Traders took advantage of the high price to ship, the market circulation of goods increased, and the overall transaction was
acceptable.
The transaction price is between 14020-14050 yuan, which is 10~40 yuan higher than the average price of South Reserve East China
.

Social aluminum ingot inventories have declined significantly again, and with the recent reluctance to sell, the trend of Shanghai aluminum is still strong
.
As the spot A00 aluminum price touched the 10,000 mark, it is expected that Shanghai aluminum will maintain range volatility and consolidate slightly
.

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