Aluminum prices fell back after rising shocks, and the overall fluctuation was large

Overseas, under the Russian-Ukrainian conflict, Rusal's exports and transportation may be blocked, coupled with European energy prices continue to rise, European electrolytic aluminum production reduction concerns continue to heat up
.

In terms of news, according to data from the General Administration of Customs, the export volume of unwrought aluminum and aluminum products from January to February 2022 was 1.
0339 million tons, an increase of 22.
8% over January and February last year, setting a record high
.

In terms of domestic fundamentals, Yunnan, Inner Mongolia and other places have begun to resume production, and the process of resumption of production is uneven
.
The aluminum market shows a state of external strength and internal weakness, and the import window continues to close
.

In terms of consumption, downstream consumption just needs a seasonal slow recovery, but considering the current high aluminum prices or suppressing demand, it is necessary to pay attention to the impact
of the epidemic and environmental protection control in the north on the downstream resumption of work.

In terms of inventory, social treasury data showed that inventories accumulated and slowed down
.
On March 7, domestic aluminum ingot stocks were 1.
144 million tons, 24,000 tons
more than Monday.
LME aluminum inventories fell by 6,950 tonnes from the previous session to 794,000 tonnes
on March 7.

In terms of prices, the threat of the energy crisis to overseas electrolytic aluminum production capacity may continue, and with the resumption of construction in various places after the holiday, driven by the construction, completion and infrastructure projects of real estate stock, consumption can be expected to pick up, and it is recommended to treat it unilaterally with the idea of bargain hunting
.