Oil prices soared, overnight LUN aluminum closed up 2.58% to a record high; overseas supply shortage is expected to strengthen, the domestic continued to be driven by foreign and power coal prices soaring sentiment, aluminum prices continue to rise today.
Aluminum futures market]: market supply concerns continue to intensify, so that oil prices soared, overnight LUN aluminum strong run, the latest closing offer of $ 3576 / ton, closing up $ 90, or 2.58%, with a turnover of 24766 lots increased 2362 lots, position 675247 lots increased 6327 lots. Evening Shanghai aluminum high open shock, the main month 2204 contract latest closing price of 23,290 yuan / ton, up 365 yuan, or 1.59%.
London Metal Exchange (LME) on March 2, the latest inventory of LUN aluminum reported 80,975 metric tons, down 4525 metric tons compared with the previous trading day, a decrease of 0.56%.
Changjiang Aluminum Network: March 2 spot aluminum prices, Changjiang non-ferrous network spot AOO aluminum ingot price reported 22,850 yuan / ton, up 250 yuan; Chinalco East China AOO aluminum ingot price reported 22,850 yuan / ton, up 300 yuan. Overseas supply shortage is expected to continue to strengthen, because of the fear that Russia is subject to sanctions, will intensify the shortage of aluminum supply, domestic continue to be driven by foreign and power coal prices high sentiment, so that the entire supply chain costs again rose sharply, smelter profits continue to be squeezed, to promote aluminum prices easy to rise and difficult to fall, today’s spot aluminum prices continue to rise.
Post time: Mar-03-2022