Shanghai aluminum shock climb The overall trading volume of the market is limited

Today, Lun aluminum rushed back down, and the LME reported at $3272 / ton at 15:01 Beijing time for three months, down $2, or 0.
05%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 21030-21070 yuan / ton, up 200 yuan, discount 65-discount 25; Guangdong South Reserve reported 21090-21150 yuan / ton, up 250 yuan; Hua reported 21090-21130 yuan / ton, up 210 yuan
.
The bullish sentiment in the spot market is increasing, with holders raising and lowering prices and shipments, receiving companies actively inquiring but replenishing a small amount, and the overall trading volume is limited
.

Lun aluminum inventory continues to decline, high overseas costs continue to support aluminum prices, the domestic epidemic interrupted the supply chain to impact supply and demand, but the cost of raw materials remains high, prices have always been blocked, still waiting for policy stimulus, now aluminum or rise
.

Industry information, according to data from the General Administration of Customs, China's exports of unwrought aluminum and aluminum products in March 2022 were 594,360.
9 tons, an increase of 34%
year-on-year.
From January to March, the export volume of unwrought aluminum and aluminum products was 1,628,336.
2 tons, a year-on-year increase of 26.
7%.

Today's Shanghai aluminum shock climbed, the US inflation in March continued to hit a 40-year high, crude oil prices rebounded and soared to the 100 yuan mark, boosting the strong trend of aluminum prices, coupled with overseas maintenance of low inventory levels and high costs strongly supported aluminum prices
.