Changjiang aluminium price alu.ccmn.cn short comment: U.S. stocks across the board soared high risk sentiment rose significantly, overnight Lun aluminum soared nearly 3.1%; Red Sea crisis to bauxite supply obstruction increased aluminium prices rose elasticity, superimposed fund buying drive, today's current aluminium or rise.
Aluminium futures market]: U.S. stocks soared high risk sentiment rose significantly, the commodity market should be stronger across the board. Overnight Lunar aluminium climbed strongly positive line to close, the latest closing offer 2396 U.S. dollars / ton, closed up 72 U.S. dollars, or 3.08%, turnover of 28923 hands increased by 364 hands, the number of positions 683816 hands increased by 4817 hands. Evening Shanghai aluminium trend is strong, the end of the renewal of the large sun line, the centre of gravity rose again, the main month 2402 contract latest closing price of 19,650 yuan / tonne, up 385 yuan, or 2%.
London Metal Exchange (LME) December 23 Lunar aluminium latest stocks at 523,725 metric tons, an increase of 15,075 metric tons over the last trading day, or 3.0%.
Changjiang Aluminium News: December 27 spot aluminium prices, the Yangtze River integrated spot A00 ingot price quoted 19,275 yuan / tonne, up 90 yuan / tonne; Chinalco East China A00 ingot price quoted 19,280 yuan / tonne, up 90 yuan / tonne. Bauxite supply disruption due to the Red Sea crisis increased the resilience of aluminium price rise, due to the rising cost of marine transportation, and the third largest bauxite supplier Guinea port oil depot explosion further aggravated the supply constraints of the concern for the transport of additional costs. Overlaying the recent fund buying drive also provided some upward momentum for aluminium prices. Currently, domestic social stocks of aluminium ingots have fallen to a two-month low, providing solid support for aluminium prices below. The improvement of the internal and external macro environment is also the dominant force of the recent rise in metal prices. In the short term, Shanghai aluminium will continue to maintain a strong upward trend, today's current aluminium or rise.
