According to reports, 15 major building materials as well as home furnishing companies in Japan have recently announced price increases of up to nearly 40%, mainly due to the rising prices of raw materials. Recently, copper, aluminum, nickel and other non-ferrous metal prices rose sharply, and some even hit a new high. Non-ferrous metal price increases have had a considerable impact on other industries in Japan, including construction as well as the decoration industry.
According to historical data from Yangtze River Non-ferrous Metals Network, on April 6, Yangtze River spot A00 aluminum was quoted at 22460-22500 yuan/ton, with the average price quoted at 22480 yuan/ton, down 240 yuan from the previous trading day, at a discount of 90 to 130.
Domestic Qingming holiday off, London aluminum prices shocked higher, the end of the holiday back to the market, London aluminum prices and Shanghai aluminum prices have shocked down, as of 15:01 Beijing time reported at $ 3439 / ton, compared with the previous trading day settlement price fell $ 16, down 0.45%. Shanghai aluminum main month 2205 contract, opened at 22,735 yuan / ton, the highest intraday 22,740 yuan / ton, the lowest 22,500 yuan / ton, settlement 22,745 yuan / ton, the end of the close to 22,540 yuan / ton, down 205 yuan, or 0.9%
London Metal Exchange inventory as of April 5 was reported at 623325 tons, down 6450 tons from the previous day, and total inventory at the Shanghai Futures Exchange last week was reported at 305805 tons, down 3137 tons from the previous week. Domestic aluminum ingots out of the epidemic weakened, downstream enterprises fear high sentiment, the spot maintained a discount.
Domestic supply is growing steadily, the demand side of the market has expectations for marginal relaxation in the real estate sector, the country’s unprecedented scale of future extra-high voltage construction, the market demand for aluminum is expected to be positive, aluminum prices remain optimistic.
Post time: Apr-07-2022