 Home > Chemicals Industry > New Chemical Materials > March 3 aluminum market morning review

March 3 aluminum market morning review

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

Tags

short circuit 3

aluminum structure

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market early comment: the war between Russia and Ukraine continues, crude oil and natural gas prices soar for several days, the market is worried that Russian aluminum exports are blocked while rising costs will trigger European production cuts again worries are also intensified, overnight external aluminum prices continue to refresh historical highs
.
The price of aluminum in the third period of the London Stock Exchange rose to $3,597 / ton, closing at $3,576 / ton, up 2.
58%.

Shanghai aluminum night trading has more power, the main 2204 contract once climbed to 23610 yuan / ton, closing at 23290 yuan / ton
.

Aluminum City

The spot market in the morning was more active, and the enthusiasm for downstream procurement increased, but the market supply was sufficient, and holders still needed to sell
at a discount.
The mainstream trading price in Shanghai is around 22840 yuan / ton, which is about 70 lower than the futures discount
.
The mainstream transaction price in Guangdong is 22820 yuan / ton, and the prices in the two places are inverted
.

The continuous rise of aluminum has significantly suppressed domestic consumption, and the warehouse will continue to rebound when production continues to rise, forming a certain suppression
above the price.
Not enough, the current situation in Russia and Ukraine supply reduction concerns continue to provide strong support for the external aluminum price, driven by the continued strengthening of the external aluminum price, the domestic aluminum price is easy to rise and fall, the operation is recommended to short-term to pull back to long thinking
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.