Aluminum prices are strong, and the market is warming up from the previous day

Today's Shanghai aluminum main month 2203 contract, opening 22250 yuan / ton, the highest intraday 22770 yuan / ton, the lowest 21935 yuan / ton, settlement 22170 yuan / ton, the end of the close to 22685 yuan / ton, up 515 yuan, or 2.
32%.

Today's Shanghai aluminum trend is strong, the tension between Russia and Ukraine is positive for aluminum prices, and the epidemic in Guangxi has caused short-term supply tension in Baise area, which is positive for alumina and electrolytic aluminum prices, coupled with overseas continued destocking, supporting prices to remain strong, aluminum prices continue to rise
.

Today, Lun aluminum fluctuated higher, and the LME was quoted at $3179 / ton at 15:01 Beijing time for three months, up $45, or 1.
44%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22460-22500 yuan / ton, up 210 yuan; Guangdong South Reserve reported 22530-22590 yuan / ton, up 270 yuan; Hua reported 22520-22560 yuan / ton, up 220 yuan
.
The spot market picked up compared with yesterday, with cargo holders trying to raise prices, receivers only needing to purchase, and trading activity was slightly poor
.

At present, domestic aluminum smelter production during the Winter Olympics is limited, mainly because China is restricting the output of energy-intensive aluminum smelters in order to reduce pollution during the Winter Olympics; Global supply concerns are rising, and if an armed conflict breaks out between Russia and Ukraine, the West threatens to impose sanctions on Russia, which may affect global supply, as Rusal accounts for about 6% of global supply, and aluminum prices remain stable during the day
.