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Aluminum market afternoon comment: U.
S.
stocks and oil prices strengthened, overnight Lun aluminum closed up 1.
61%; Market sentiment is optimistic, at home and abroad are facing supply disruptions and the risk of production reduction, the high cost of electrolytic aluminum supports the price of aluminum, and aluminum is expected to rise
.
Overnight, Shanghai aluminum volatility was strong, and AL2210 closed at 18,575 yuan / ton at night, up 0.
87%, and the position was reduced by 4,162 lots to 162,500 lots
.
The spot discount is 40 yuan / ton, Foshan A00 is quoted at 18390 yuan / ton, and the Wuxi A00 is quoted at a discount of 50 yuan / ton
.
Sichuan Daystar and other aluminum plants have resumed production one after another, some aluminum plants have not fully opened the device due to power conditions, and it will still take 2-3 months
for the province's supply to fully recover.
Following Sichuan, it is rumored that Yunnan also has a problem of power shortage in the dry period recently, and the advantageous electricity price space in the southwest region during the flood period is no longer available, and the pace of domestic supply has gradually slowed down
under cost pressure.
The willingness to purchase downstream is not high, the outbreak of scattered epidemics and regional closed management have formed strong interference with transportation, and the peak season of gold, silver and ten is expected to continue to be postponed, and the overall trend is towards a weak pattern of supply and demand
.
It is expected that aluminum prices will fluctuate in a wide range in the near future, and pay attention to the subsequent impact
of Southwest Power on costs and supply.