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March 19 aluminum market morning review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Aluminum market morning comment: US Treasury yields soared again, and the dollar index strengthened, weighing on metal prices
.
Most of the outer metals fell overnight, with the London Stock Exchange March aluminum price closing down 0.
76% to $2203 / ton
.
Shanghai aluminum night trading is weak and volatile
.
The main 2105 contract was as low as 17,365 yuan / ton and closed at 17,490 yuan / ton
.

Aluminum City

In the morning, the intermediaries in the spot market are actively trading, and the downstream purchases are more on-demand, and the holders are still actively shipping
.
The mainstream trading price in Shanghai is 17,670 yuan / ton, which is about 30 yuan lower than the futures
.
The mainstream transaction price in Guangdong is 17650 yuan / ton
.

US Treasury yields have been soaring recently, and although the Fed chairman has indicated that interest rates will remain low and bond purchases have been purchased, market concerns remain.

Domestic consumption is currently suppressed because downstream price acceptance remains low
.
However, peak season consumption is still expected, and the reduction of production in Inner Mongolia is expected to promote the inflection point of inventory
.
There is still upward support for the pullback in aluminum prices, and it is recommended to operate more operations in terms of operation
.

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