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    Home > Chemicals Industry > New Chemical Materials > March 5 aluminum market morning review

    March 5 aluminum market morning review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: Yesterday's external metals fell across the board, and the London Metal Exchange (LME) industrial metals fell
    on Thursday.
    As of about 9:30 a.
    m.
    , London copper fell nearly 2.
    5%, London aluminum fell nearly 1%, domestically, international copper fell nearly 4.
    4%, Shanghai copper fell nearly 4.
    1%, Shanghai aluminum fell nearly 2.
    9%.

    Aluminum City

    From a fundamental point of view, aluminum ingots have begun to accumulate seasonally before the Spring Festival, and the characteristics of non-stop work during the holidays also make the output of aluminum ingots continue to be released, while the downstream side is facing the consumption off-season
    before and after the Spring Festival.
    It should only be noted that the accumulation of aluminum ingots this year is weaker than in previous years, and the start of downstream processing enterprises, especially leading enterprises, still maintains a high level before the holiday, and the order volume is sufficient and has been scheduled to the end of
    the first quarter.

    Due to the favorable macro aspect and the improvement of the epidemic situation, the terminal demand at home and abroad is continuing to recover, and the demand for aluminum is also being released simultaneously in the process of gradual release of production capacity, so the future aluminum price will still maintain a high position
    .
    From the perspective of the market, aluminum prices in March may remain strong
    .
    The main operating range of the main 04 contract is between
    16000-18000.

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