Yangtze River aluminum price alu.ccmn.cn short comment: domestic implementation of sound monetary policy, Shanghai aluminum slightly up 0.05% in the coming week, the EU launched a new round of sanctions against Russia to intensify supply concerns, but the epidemic limits downstream consumption, is expected to be a small increase in the current aluminum.
Aluminium Futures Market]. The LME market continued to be closed on Friday and this Monday with no market. The domestic implementation of sound monetary policy, boosting commodity fundamentals, non-ferrous metals rebounded slightly mainly, Friday evening Shanghai aluminum oscillation trend, the main month 2205 contract latest closing price of 21755 yuan / ton, up 10 yuan, or 0.05%.
The London Metal Exchange’s (LME) latest aluminium position on April 15 was 621,554 lots up by 2012 lots.
Last Friday and this Monday LME continues to be closed, no inventory data update for the time being.
Changjiang Aluminum Network: April 15 spot aluminum prices, Changjiang non-ferrous network spot AOO aluminum ingot price reported 21740 yuan / ton, up 280 yuan; Chinalco East China AOO aluminum ingot price reported 21730 yuan / ton, up 270 yuan. The European Union launched a new round of sanctions against Russia will mainly target banks and energy, adding uncertainty to the geopolitical situation to intensify supply concerns, but the epidemic caused great pressure on the domestic economy, and restrict downstream consumption, spot transactions are cold, market sentiment on the wait-and-see side, is expected to be a small increase in the present aluminum.
Post time: Apr-18-2022