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March 21 aluminum market noon comment

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

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Aluminum market afternoon comment: Russia-Ukraine contradictions still exist, the next week London aluminum shock consolidation slightly rose 0.
15%; German aluminum halved aluminum production, domestic arrivals due to the epidemic disturbance, supply concerns heated, and aluminum is expected to rise
today.

Aluminum City

On Friday, thermal coal fluctuated, Lun aluminum rushed back down slightly higher, closing at $3388, Shanghai aluminum opened low and high overnight, and stabilized at the 20-day moving average to close Xiaoyang, closing at 22935
.
Shanghai aluminum trading declined, positions rose, and market sentiment was optimistic
.
The imminent resolution of the Russia-Ukraine conflict has a greater impact on market sentiment, and the short-term Shanghai aluminum may continue to fluctuate, and the fundamentals of the future market are better, and the trend is more optimistic
.
The upper pressure is 24000, and the lower support is 21000.

Recently, Australia announced a ban on the export of alumina to Russia, Russia originally imported 1.
4 million tons of alumina from Australia every year for electrolytic aluminum production, the implementation of this policy in Australia will affect Russian electrolytic aluminum production to a certain extent, and Russia's domestic demand for alumina or will increase, pushing up domestic alumina prices, aluminum price costs or further higher, forming a certain support for aluminum prices, and it is expected that Shanghai aluminum prices range
.

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