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    Home > Chemicals Industry > New Chemical Materials > March 17 aluminum market morning review

    March 17 aluminum market morning review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: European countries have suspended vaccination of AstraZeneca new crown vaccine, the market is worried that the delay in vaccination has slowed down economic recovery, and the dollar index strengthened, the external metal was generally under pressure, and the London Stock Exchange three-month aluminum price closed down 1.
    1% to $2195.
    5 / ton
    .
    Domestic night metals also generally weakened, while Shanghai aluminum performed against decline, and the main 2105 contract closed slightly above 17610 yuan / ton
    .

    Aluminum City

    In the morning, the spot market transaction was frustrated, and holders actively shipped, but the downstream wait-and-see mood was stronger
    .
    The mainstream trading price in Shanghai is around 17,700 yuan / ton, which is about 40 lower than the futures discount
    .
    The mainstream transaction price in Guangdong is around 17730 yuan / ton
    .

    The current high aluminum price has a certain suppressive effect on consumption, but with the arrival of the peak season, the overall recovery trend of consumption remains unchanged
    .
    The output is affected by the reduction of production of the Inner Mongolia aluminum plant and the limited energy of new production and the phased decline, and the explicit inventory may enter the destocking stage in advance, which continues to support the strong aluminum price
    .
    Operationally, it is recommended that the callback go long
    .

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