March 21 aluminum market morning review

In the morning, the overall transaction of the spot market was general, and the downstream on-demand procurement was the mainstay, and the price continued to rise to suppress the buying interest, and the holders actively shipped
.
In the morning, the mainstream trading price in Shanghai was around 22,500 yuan / ton, which was about 40 lower than the futures
.
The mainstream transaction price in Guangdong is around 22540 yuan / ton
.

Australia banned the export of alumina to Russia, Rusal or had to turn to other sources of alumina to make up for the gap in Australian supply, Rusal electrolytic aluminum plant has not reduced production, but supply uncertainty is still large
.
The current domestic epidemic has led to poor shipments, resulting in a decrease in market arrivals and accelerated dematerialization of explicit inventory, which also forms a strong support
for short-term aluminum prices.
Short-term aluminum prices are mainly strong and volatile, and it is recommended to pull back to do long ideas
.