Oil prices rebounded sharply higher, overnight LUN aluminum closed up 3.96%; Russian aluminum again by a new round of sanctions to intensify supply worries, and domestic aluminum ingot community library significantly to boost the positive confidence of the bulls, the present aluminum or rise.
Aluminum futures market]: oil prices rebounded sharply higher, intensifying market inflation concerns, overnight LUN aluminum strong run, the latest closing offer of $ 3416 / ton, closing up $ 134, or 3.96%, the volume of 13205 hands increased 2566 hands, position 613270 hands decreased by 1556 hands. Evening Shanghai aluminum strong shock, the main month 2205 contract latest closing price of 23155 yuan / ton, up 130 yuan, or 0.56%.
London Metal Exchange (LME) on March 19, the latest inventory of LUN aluminum reported 704850 metric tons, down 10,375 metric tons or 1.45% from the previous trading day.
Changjiang Aluminum Network: March 21 spot aluminum prices, Changjiang non-ferrous network spot AOO aluminum ingot price reported 22,990 yuan / ton, up 470 yuan; Chalco East China AOO aluminum ingot price reported 22,990 yuan / ton, up 470 yuan. Russian aluminum again by a new round of sanctions to intensify supply concerns, Australia announced a ban on Russia’s exports of alumina and aluminum ore, including bauxite; and domestic aluminum ingot social library significantly to boost positive confidence, coupled with the domestic “double control” policy continues to be implemented, capacity recovery is limited, today’s spot aluminum prices may rise.
Post time: Mar-22-2022