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    Home > Chemicals Industry > New Chemical Materials > February 28 aluminum market morning review

    February 28 aluminum market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market early comment: Although the United States and Europe have not directly sanctioned Russian aluminum companies, sanctions against relevant banks may still affect supply
    .
    On Friday, the price of aluminum in the external market fluctuated repeatedly, but it still closed
    with a rise.
    The LME three-month aluminum price rose 0.
    45% to $3380/mt
    .
    Shanghai aluminum rebounded slightly in overnight trading, with the main 2204 contract closing above 22600 yuan / ton
    .

    Aluminum City

    The spot market is still active in the morning, but the overall transaction has not increased significantly, and the downstream wait-and-see sentiment is stronger
    .
    In the early days, the mainstream trading price in Shanghai was around 22,790 yuan / ton, which was about 70 lower than that of futures
    .
    The mainstream transaction price in Guangdong is around 22830 yuan / ton
    .

    Russia and Ukraine have entered the negotiation stage, but the United States and Europe will put forward the impact of SWIFT on the market by some Russian banks to be estimated, short-term market supply concerns are still difficult to solve, and there is still support
    for external aluminum prices.
    However, the domestic consumption side was less than expected, which curbed price increases
    .
    In the short term, it is recommended to wait
    and see.

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