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    Home > Chemicals Industry > New Chemical Materials > March 4 aluminum market noon review

    March 4 aluminum market noon review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market noon comment: the cost continues to rise, aluminum prices are strong, overnight Lun aluminum soared 5.
    33% and then updated the high; Overseas aluminum supply interference has increased, and optimistic expectations for aluminum demand prospects have boosted prices, and aluminum may continue to rise
    today.

    Aluminum City

    The situation in Russia and Ukraine continues to be disturbed, European and American countries announced or removed Russia from the SWIFT system, this sanction may have an impact on Russian trade, some freight companies announced that they will no longer accept Russian sources, and the shortage of overseas aluminum ingots is expected to be strong; This week's electrolytic aluminum social inventory increased by 18,000 tons to 1.
    117 million tons, the pace of resumption of production on the supply side accelerated, and the consumption situation remained stable, but in the case of low production capacity on the supply side, supply and demand are still tight, and the second quarter can be expected to go to storage, superimposed on overseas disturbances, and it is expected that Shanghai aluminum will run strongly.

    Under the Russia-Ukraine conflict, energy issues and doubtful Rusal production capacity have supported aluminum prices, and are expected to continue to rise
    in the medium term.
    Shanghai aluminum short-term is gaining momentum below 24000 and may continue to fluctuate upward in the medium term
    .

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