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Today's Shanghai aluminum main month 2105 contract opened at 17475 yuan / ton, the highest intraday 17535 yuan / ton, the lowest 17295 yuan / ton, settled 17410 yuan / ton, and closed at 17415 yuan / ton, down 275 yuan
.
Today's Shanghai aluminum is running at a low level, high prices inhibit downstream consumption, aluminum imports soared year-on-year, but the inventory inflection point is approaching, short-term aluminum prices remain volatile
.
Today's Lun aluminum fluctuated at a low level, and the LME three-month aluminum was reported at 2199.
5 US dollars / ton at 15:00 Beijing time, down 15.
5 US dollars, or 0.
70%,
from the settlement price of the previous trading day.
In terms of the market, today's spot trading price of Yangtze River was 17390-17430 yuan / ton, down 260 yuan; Guangdong South Reserve reported 17370-17430 yuan / ton, down 270 yuan; Hua reported 17490-17510 yuan / ton, down 280 yuan
.
Holders have sold off one after another, large households are generally enthusiastic about receiving goods, and the transaction is not satisfactory
.
In terms of news, the current downstream processing enterprises wait-and-see sentiment is strong, the first two months of unwrought aluminum and aluminum imports of a total of 455,100 tons, much higher than the same period last year of 181,500 tons, as overseas metals ordered at favorable prices continue to flow into the country, in addition to bauxite imports fell year-on-year, spot aluminum prices are expected to fall
.
Interest rates rose again, putting pressure on risk asset prices, and although the dovish of the Fed's interest rate meeting once boosted the colored sector, from the perspective of liquidity, there was no more increment
at the margin.
The concept of "carbon neutrality" is still hot, and the expected production reduction that may be triggered continues to be beneficial to the supply side of the electrolytic aluminum industry, on the demand side, although the government work report pointed out that it is necessary to steadily increase the daily mass consumption of ordinary people such as automobiles and home appliances, but the primary processing end due to the rapid rise in the early stage of aluminum prices, the wait-and-see mood is large, and the recovery is relatively slow, so the overall aluminum price shows a high volatility
.
The latest inventory data also shows that aluminum ingots are still in the accumulation channel, and the destocking inflection point is expected to appear
in mid-to-late March.
