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    Home > Chemicals Industry > New Chemical Materials > March 4 aluminum market morning review

    March 4 aluminum market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market early comment: The second round of negotiations between Russia and Ukraine is still fruitless, supply concerns have intensified, and overnight external metals have risen
    sharply across the board.
    The three-month aluminum price on the London Stock Exchange soared 5.
    33% to $3766.
    5 / ton
    .
    The Shanghai aluminum night trading fell back in shock, which is partly related
    to the cooling of the market at the administrative level.
    The Shanghai aluminum main 2204 contract closed slightly below 23655 yuan / ton
    .

    Aluminum City

    In the morning, the spot market transaction was suppressed, and the downstream fear of heights was obvious, and how much was purchased
    .
    Cargo holders are still actively shipping
    .
    The mainstream trading price in Shanghai is around 23,530 yuan / ton, which is about 100 lower than the futures discount
    .
    The mainstream transaction price in Guangdong is around 23,500 yuan / ton
    .

    Domestic recovery continued slightly, and inventories peaked
    .
    At present, the biggest impact on the market is still the concern of the
    disruption of Russian aluminum production and circulation caused by Western sanctions against Russia.
    The longer the Russian-Ukrainian war lasts, the stronger the degree of supply disruption, and continues to push up the price
    of external aluminum.
    Again, domestic aluminum prices are also prone to rise and fall
    .
    Operationally, it is recommended that the short-term mainly go long with a callback
    .
    Beware of the risk of
    a fallback.

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