Yangtze River aluminum price alu.ccmn.cn short comment: overseas energy prices continue to remain high, overnight LUN aluminum closed up 5.12%; U.S. sanctions against Russia concerns escalated, the lack of domestic imports supply weak, and downstream to library performance is better, the present aluminum or rise.
Aluminum futures market]: Russia and Ukraine situation is still more tense, so that overseas energy prices continue to remain high, overnight LUN aluminum shock climbing, the latest closing offer 3685 U.S. dollars / ton, closing up 179 U.S. dollars, or 5.12%, the volume of 11307 hands decreased 272 hands, position 612513 hands increased 1286 hands. Evening Shanghai aluminum strong operation, the main month 2205 contract latest closing price 23365 yuan / ton, up 385 yuan, or 1.68%.
London Metal Exchange (LME) on March 23, the latest inventory of LUN aluminum reported 689,575 metric tons, 6,250 metric tons less than the previous trading day, a decrease of 0.9%.
This week the LME continues to go to the library, as of March 22, the LME aluminum inventory has fallen to 700,000 tons below, the inventory of the Shanghai Futures Exchange also turned to decline, the domestic aluminum ingot social inventory continued to de-inventory. As of March 21, the domestic electrolytic aluminum social inventory of 1.061 million tons, down 28,000 tons compared with last Thursday, the trend of social inventory to basically establish also formed support for prices. On the whole, overseas supply is still in a tight state, global low inventory and domestic social inventory continues to de-stocking support aluminum prices. Domestic resumption of production accelerated and epidemic emanation dragged down the demand, the short-term Lun strong Shanghai weak pattern reappeared, is expected to oscillate at a high level, pay attention to the trend of Lun aluminum, the actual domestic consumption performance and to the library situation.
Changjiang Aluminum Network: March 23 spot aluminum prices, Changjiang non-ferrous network spot AOO aluminum ingot price reported 22,920 yuan / ton, up 140 yuan; Chalco East China AOO aluminum ingot price reported 22,920 yuan / ton, up 150 yuan. U.S. sanctions against Russia worries escalation, worrying about metal supply shortage, the lack of domestic imports supply weak, and downstream to library performance is better, from the beginning of the week inventory data show that nearly a week aluminum ingot aluminum bar integrated inventory fell nearly 90,000 tons, to library significantly stronger than the same period in recent years, today’s spot aluminum prices may rise.
Post time: Mar-24-2022