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    Home > Chemicals Industry > New Chemical Materials > February 23 aluminum market noon comment

    February 23 aluminum market noon comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the weakening of the dollar index boosted metals, and London aluminum closed up 0.
    4% overnight; Domestic production and transportation have gradually recovered, aluminum inventories have accumulated recently, and demand for less mining under high aluminum prices.

    Thermal coal rose slightly in overnight trading, and Lun aluminum once hit a new high of $3,380 before falling back to close at $3,303
    .
    Shanghai aluminum opened high and closed low at 22870
    .

    Aluminum City

    Affected by the tension between Russia and Ukraine, overseas markets are worried that European and American sanctions against Russia will have an impact on the supply of overseas primary aluminum markets, and Lun aluminum climbed to a new high since 2008.

    At present, the most stringent production limit period of alumina on the fundamental side has ended, the market is gradually tilted towards buyers, the price boost on the supply side of aluminum ingots is expected to weaken, and the seasonal increase in inventory is still continuing
    .
    At present, the logic of foreign supply interference is running strongly, and it is recommended that it be
    on demand.

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