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March 22 aluminum market morning review

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

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high volatility

laser cut aluminum

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Aluminum market morning comment: energy prices continue to rise, Russia plans to withdraw from the WTO, overseas supply uncertainty is still large, Monday external aluminum prices rose sharply, London Stock Exchange three-month aluminum prices rose 3.
96% to 3522 US dollars / ton
.
Shanghai aluminum night trading high volatility, the main 2205 contract closed slightly above 23155 yuan / ton
.

Aluminum City

In the morning, the spot market trading fell significantly, the price continued to rise and the epidemic affected the shipment, the downstream enthusiasm for receiving goods was insufficient, and traders and middlemen made transactions
.
The mainstream trading price in Shanghai is 23,000 yuan / ton, which is about 70 lower than that of futures
.
The mainstream transaction price in Guangdong is around 23040 yuan / ton
.

Although the situation in Ukraine shows signs of easing, Western support for Russia continues to escalate, and Russia's intention to withdraw from the WTO is bound to lead to higher
export costs such as Russian aluminum.
The rise in crude oil and natural gas prices has continued to keep the cost of electricity in Europe high, which in turn has increased the possibility that European aluminum smelters will continue to expand and reduce production
.
The short-term uncertainty of overseas supply is still large, supporting the strengthening of external aluminum prices and driving domestic prices up
.
Therefore, the short-term aluminum price is strong and difficult to change, and it is recommended to have more operation ideas
.

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