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Yesterday's Shanghai aluminum main 2205 contract opened at 22865 yuan / ton in the morning, the afternoon market fluctuated down, the lowest level of the day to 22645 yuan / ton, the afternoon rose slightly, and finally closed at 22730 yuan / ton, closing a negative column, down 205 yuan / ton from the previous trading day, down 0.
89%.
Yesterday's aluminum prices were weak and volatile, mainly due to poor procurement and transportation under the influence of the epidemic
.
At present, European energy prices are at a high level, and concerns about electrolytic aluminum production reduction still exist
.
Domestically, the operating capacity of electrolytic aluminum has increased slightly, and Yun Aluminum recently announced that 700,000 tons of hydropower aluminum production capacity has been fully completed, and there will be a successive release of production
.
In terms of consumption, downstream consumption has just needed a seasonal slow recovery, and the operating rate of aluminum profiles and aluminum plates, strips and foils has rebounded, but the current outbreak of the epidemic in various places may suppress demand
.
In terms of inventory, on March 31, domestic aluminum ingot stocks were 1.
041 million tons, 02,000 tons
more than last Thursday.
LME aluminum stocks fell by 7,625 tonnes from the previous session to 647,000 tonnes
on March 31.
Social library data shows that inventory has accumulated slightly, a large number of aluminum ingots are not stored in time, and the reduction in logistics efficiency directly leads to the weakening of aluminum ingots and aluminum rods, and it is expected that short-term logistics will still be difficult to alleviate
.
The epidemic has also disrupted downstream starts
.
In terms of price, it is necessary to continue to pay attention to the progress of domestic electrolytic aluminum production and the recovery of downstream demand, the recent development of the epidemic has caused certain interference to transportation and procurement, but the low level of inventory at home and abroad has supported the price, it is recommended to treat it unilaterally in the short term, and pay attention to the impact
of news on prices.
