Aluminum prices remain high The overall transaction of the market is average

Today, the LME was quoted at $3,531 / ton at 15:01 Beijing time for three months, up $25, or 0.
73%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22890-22930 yuan / ton, up 140 yuan; Guangdong South Reserve reported 22920-22980 yuan / ton, up 140 yuan; Hua reported 22950-22990 yuan / ton, up 150 yuan
.
Holders generally shipped goods at a high price, the receiving party was bullish and actively entered the market to inquire about procurement, and the transaction of low-priced sources was acceptable, but the price in the later period has declined, the demand of the receiving party has weakened, and the overall transaction is average
.

In terms of inventory, according to the statistics of Steel Union, the inventory of aluminum rods was 206,000 tons, down 18,000 tons from last Thursday; in February 2022, China exported 400,900 tons of unwrought aluminum and aluminum products, an increase of 12.
8% year-on-year; From January to February, the cumulative export was 1.
0339 million tons, a year-on-year increase of 22.
8%.

In February, China imported 142,800 tons of unwrought aluminum and aluminum products, down 2.
6% year-on-year; From January to February, the cumulative import volume was 336,000 tons, down 26.
2%
year-on-year.

Today's Shanghai aluminum after the low opening steadily rising, the domestic epidemic is distributed at many points, downstream consumption enthusiasm is suppressed, but the global aluminum inventory is at a low level and is still going to storage, the superimposed supply is still in a tight pattern, aluminum prices may be difficult to continue to pullback, short-term believe that aluminum prices maintain high operation
.