Shanghai aluminum shock downward The overall trading performance of the market was flat

Today's Lun aluminum volatility intensified, LME three-month Beijing time at 15:01 at 3304 US dollars / ton, slightly higher than the previous trading day's settlement price of 1 US dollars, or 0.
03%.

In terms of the market, today's spot trading price of Yangtze River is 22680-22720 yuan / ton, down 220 yuan; Guangdong South Reserve reported 22710-22770 yuan / ton, down 230 yuan; Hua reported 22730-22770 yuan / ton, down 230 yuan
.
Cargo holders continued to reduce shipments, and receivers entered the purchase at low prices, and the overall transaction performance was flat
.

In terms of news, the European Union Britain and the United States announced sanctions against Russia, of which EU sanctions will also target banks that finance Russian military and other operations in the relevant territories, and the German chancellor said that the approval process
of the Nord Stream 2 gas pipeline will be temporarily suspended.
Brent crude retreated
after approaching $100 a barrel.
On a macro level, risk assets are generally under pressure
.
However, for the aluminum industry, Russia is the second largest primary aluminum producer and energy country, the risk of Russian aluminum sanctions expands the global electrolytic aluminum trade and supply pattern, and the risk of reducing the production of European electrolytic aluminum from the energy perspective will continue, and the price of aluminum is positive from a fundamental point of view
.

Today's Shanghai aluminum shock downward, Rusal is not among the sanctions to ease the market's supply concerns, superimposed on the domestic downstream resumption of work after the holiday is not as expected, and the downstream fear of heights, aluminum prices shock pullback
.