The fundamentals of the aluminum market are strong, and the pattern of supply shortage has not changed

Today's Shanghai aluminum main month 2203 contract, opening 22645 yuan / ton, the highest intraday 22690 yuan / ton, the lowest 22360 yuan / ton, settlement 22570 yuan / ton, the end closed at 22615 yuan / ton, up 45 yuan, or 0.
20%.

Today, Lun aluminum fluctuated to the upside, and the LME was quoted at $3208 / ton at 15:01 Beijing time for three months, up $14, or 0.
42%,
from the previous session's settlement price.

Today's Shanghai aluminum low opening shock rebound, the easing of the situation in Russia and Ukraine has caused the high level of oil prices to fall, aluminum prices have been weakened, but the fundamentals are strong, the supply shortage pattern has not changed, and the trend of aluminum prices will remain high and volatile
.

In terms of the market, today's spot trading price of Yangtze River is 22570-22610 yuan / ton, down 80 yuan; Guangdong South Reserve reported 22670-22730 yuan / ton, down 100 yuan; Hua reported 22620-22660 yuan / ton, down 90 yuan
.
The spot market atmosphere is reasonably performant, the downstream is basically returning to work, the holders are shipping at high prices, the receivers are bargaining and purchasing, and the trading activity is good
.

At present, the domestic new production capacity and resumption of production capacity are put into production rapidly, and the supply increment may be concentrated at the end of March and the beginning of April, and the domestic social treasury will slow down the dematerialization range, which will further hinder the further upward trend of aluminum prices, and now aluminum may fall
.