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    Home > Chemicals Industry > New Chemical Materials > March 21 aluminum market morning review

    March 21 aluminum market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: The external aluminum price continued to close higher on Friday, but the increase narrowed
    .
    Recently, the external spot has turned to a discount, and consumption may slow down
    due to the situation in Ukraine.
    The three-month aluminum price on the London Stock Exchange rose 0.
    15% to 3388 yuan / ton
    .
    Shanghai aluminum night trading continued to strengthen, and the main 2205 contract closed above 22935 yuan / ton
    .

    Aluminum City

    In the morning, the overall transaction of the spot market was general, and the downstream on-demand procurement was the mainstay, and the price continued to rise to suppress the buying interest, and the holders actively shipped
    .
    In the morning, the mainstream trading price in Shanghai was around 22,500 yuan / ton, which was about 40 lower than the futures
    .
    The mainstream transaction price in Guangdong is around 22540 yuan / ton
    .

    Australia banned the export of alumina to Russia, Rusal or had to turn to other sources of alumina to make up for the gap in Australian supply, Rusal electrolytic aluminum plant has not reduced production, but supply uncertainty is still large
    .
    The current domestic epidemic has led to poor shipments, resulting in a decrease in market arrivals and accelerated dematerialization of explicit inventory, which also forms a strong support
    for short-term aluminum prices.
    Short-term aluminum prices are mainly strong and volatile, and it is recommended to pull back to do long ideas
    .

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