Shanghai aluminum continued to maintain a high volatility pattern

Today's Lun aluminum gap opened high and volatile operation, LME three-month Beijing time at 15:01 at 3546 US dollars / ton, up 158 US dollars, or 4.
65%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22960-23000 yuan / ton, up 460 yuan; Guangdong South Reserve reported 22990-23050 yuan / ton, up 460 yuan; Hua reported 23020-23060 yuan / ton, up 470 yuan
.
In the morning, the carrier led the shipment rhythm, the trader received the selling, and the holder lowered the shipment in the later stage, the enthusiasm of the receiver was general, and the transaction turned weak
.

In terms of inventory, as of March 21, the domestic electrolytic aluminum social stock was 1.
061 million tons, 28,000 tons
from last Thursday.

As part of sanctions imposed on Russia, Australia has immediately banned exports of alumina and aluminium ore, including bauxite
, to Russia.
The move is expected to push up global inflationary pressures
.

Today's Shanghai aluminum short-term high and strong operation, Rusal was again sanctioned, German aluminum announced production cuts, so that the market on aluminum supply concerns again, superimposed on the domestic aluminum ingot social library continued to dematerialize, there is a certain support for aluminum prices, short-term aluminum prices continue to maintain a high shock pattern
.