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    Home > Chemicals Industry > New Chemical Materials > March 10 aluminum market afternoon review

    March 10 aluminum market afternoon review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: Hit by multiple bearish factors, Lun aluminum softened and plunged 10.
    32% overnight; LME non-ferrous metals plunged collectively, and market sentiment continued to disturb, aluminum price margins weakened, and aluminum may fall
    today.

    Aluminum City

    Under the continuous escalation of the Russia-Ukraine dispute, overseas was dominated by strong risk aversion and supply concerns, the domestic Yungui and Guangxi regions resumed production rhythm is good, demand is also dragged down by the Spring Festival long holiday and the early accumulation cycle, the internal performance is weak under the mismatch of supply and demand, the Shanghai-London ratio fell below a record low of 6.
    0, the aluminum ingot import window continued to close, and the export of aluminum profiles became the main support
    for demand in the near future.
    At present, the aluminum rod starts to destocking from a high level, the speed of aluminum ingot accumulation is gradually weakening, and the high point of domestic aluminum ingot inventory is expected to fall in the range of 115-1.
    2 million tons, and there may be a destocking inflection point
    in mid-to-late March.

    Recently the domestic supply-side interference factors have decreased, and the peak season cycle is expected to arrive earlier
    .
    Russia's mutual sanctions with Europe and the United States have entered a long-term logic, overseas energy prices are rising, and the trend of aluminum prices being strong outside and weak inside will continue
    .

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