Shanghai Aluminum operated strongly, and the futures price continued to rise, reaching a maximum of 22955 yuan, continuing to refresh its three-and-a-half-month high, closing up 2.42%. The market focuses on the disturbance of the supply side of the aluminum market, the accumulation of superimposed social treasury is not as expected by the market, and aluminum prices continue to rise.
Recently, there has been another increase in supply-side disturbances in the aluminum market, including high electricity prices in Europe, the conflict between Russia and Ukraine, and the Baise epidemic, which have affected aluminum production and transportation, and have become a major driving force to boost aluminum prices. In response, Huatai Futures said that recently, the Guangxi region has caused considerable pressure on the production and transportation of local electrolytic aluminum enterprises. The production capacity of electrolytic aluminum in Baise, Guangxi has reached 2.315 million tons, accounting for 82.2% of the total production capacity in Guangxi. Attention should be paid to the specific impact of the epidemic on production. The overseas European energy crisis is still simmering, with production cut or expanded again due to greater uncertainty in overseas natural gas supplies before the start of spring in March.
At present, the import window of aluminum ingots is closed, and the epidemic situation in Guangxi hinders the local aluminum transportation. In addition, Yide Futures said that domestic policies to promote consumption remain unchanged, continue to accelerate the promotion of infrastructure investment, there is a certain degree of protection on the domestic consumer side.
SMM spot aluminum ingots are quoted at 22870-22910 yuan / ton, with an average price of 22890 yuan / ton, up 400 yuan / ton from the previous trading day. South China market delivery continues to be on the low side, large households enter the market to receive goods, spot rising water continues to push up, today's SMM A00 Foshan aluminum price to 02 contract rising water 180 yuan / ton, than yesterday rising 110 yuan / ton, closing at 23070 yuan / ton, up 510 yuan / ton compared to yesterday, the spot market trading is active, the actual transaction is concentrated in the net price 20-rise 30 yuan / ton.
