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March 14 aluminum market morning review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Aluminum market early comment: After the extreme market, the market returned to the impact of the situation in Russia and Ukraine on supply, and the external aluminum price continued to rebound on Friday, and the three-month aluminum price on the London Stock Exchange closed up 2.
35% to $3480 / ton
.
Shanghai aluminum fell back in the night session, with small fluctuations, and the main 2204 contract closed at 21950 yuan / ton
.

Aluminum City

The spot market as a whole improved in the morning, downstream purchases increased, middlemen and traders bought up rather than down, price rebounds stimulated buying, and holders also showed reluctance to sell
.
The mainstream trading price in Shanghai is around 21890 yuan / ton, which is about 40 lower than the futures
.
The mainstream transaction price in Guangdong is around 21840 yuan / ton
.

At present, the supply and demand of the domestic market are on the rise, and the explicit inventory tends to peak
.
The development of the situation in Ukraine still affects market sentiment, and the increase in Western sanctions against Russia has also increased the risk of overseas supply, continuing to provide support
for aluminum prices.
Short-term aluminum price or shock is strong, and it is recommended to pull back more operations
.

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