echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 14 aluminum market morning review

    March 14 aluminum market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market early comment: After the extreme market, the market returned to the impact of the situation in Russia and Ukraine on supply, and the external aluminum price continued to rebound on Friday, and the three-month aluminum price on the London Stock Exchange closed up 2.
    35% to $3480 / ton
    .
    Shanghai aluminum fell back in the night session, with small fluctuations, and the main 2204 contract closed at 21950 yuan / ton
    .

    Aluminum City

    The spot market as a whole improved in the morning, downstream purchases increased, middlemen and traders bought up rather than down, price rebounds stimulated buying, and holders also showed reluctance to sell
    .
    The mainstream trading price in Shanghai is around 21890 yuan / ton, which is about 40 lower than the futures
    .
    The mainstream transaction price in Guangdong is around 21840 yuan / ton
    .

    At present, the supply and demand of the domestic market are on the rise, and the explicit inventory tends to peak
    .
    The development of the situation in Ukraine still affects market sentiment, and the increase in Western sanctions against Russia has also increased the risk of overseas supply, continuing to provide support
    for aluminum prices.
    Short-term aluminum price or shock is strong, and it is recommended to pull back more operations
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.