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March 26 aluminum market morning review

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

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Aluminum market morning comment: Thursday's external aluminum price shock closed higher, London Stock Exchange three-month aluminum price shock closed above 2256 US dollars / ton, up 0.
36%.

Domestic night trading rose first and then declined, and the main 2105 contract closed slightly above 17125 yuan / ton
.

Aluminum City

In the morning spot market trading, downstream buying is not decreasing, but there is no lack of waiters
.
The mainstream trading price in Shanghai is around 17210 yuan / ton, which is about 10 lower than the futures discount
.
The mainstream transaction price in Guangdong is around 17190 yuan / ton
.

The top of domestic social inventories is gradually appearing, the reduction in production has led to a phased decline in output and the peak season consumption has gradually picked up, all of which are strongly supported
by price increases.
However, the continuous rise in aluminum prices has also encountered strong resistance downstream, resulting in poor transmission, which in turn leads to consumption delays
.
Therefore, the current resistance of aluminum prices to continue to rise is also greater
.
When the short-term contradiction between supply and demand is not prominent, the aluminum price range is mainly volatile, and the pullback can consider buying operations
.

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