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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on March 29

    Shanghai aluminum afternoon review on March 29

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum 2205 reported 22980 down 30, LME aluminum closed at 3605 down 20; On the macro front, Russia has accelerated its energy de-dollar and de-euroization, and the G7 has refused to settle Russian energy
    in rubles.

    Shanghai aluminum

    Domestic electrolytic aluminum production resumed acceleration, but the output in the first quarter was difficult to exceed the level of the same period last year, and the epidemic still restricted the transportation
    of aluminum ingots in some areas.
    On the demand side, the sudden epidemic in many places in China interfered with the start of downstream construction, and the operating rate fell last week, so the domestic inventory increased slightly on Monday compared with last Thursday, and the aluminum ingots and aluminum rods out of the warehouse during the same period were narrowed, and the impact of the epidemic was the main factor, and some downstream delayed delivery time
    .

    Overseas energy crisis, metal low inventory price support is strong, but soaring commodity prices and high inflation expectations have an impact on market demand, limiting further price increases, and prices are expected to fluctuate
    at short-term highs.

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