The changes in aluminum ingots** on March 5, 2024 are shown in the figure below. Among them, the average price of non-ferrous aluminum in the Yangtze River is 19,020 yuan tons, 60 yuan tons; The average price of non-ferrous aluminum in the Central Plains is 19,020 yuan ton, 60 yuan ton; The average price of non-ferrous aluminum in the South China Sea is 19,340 yuan ton, which is 90 yuan ton; The average price of aluminum storage in Guangdong is 19,020 yuan tons, which is 90 yuan tons; The average price of spot aluminum in Shanghai is 19,010 yuan ton, 80 yuan ton.
LME closed at 2238 in the previous trading day, up 2 or 009%。* At the end, the third series of electrolytic cells of an aluminum plant in Inner Mongolia have not been fully recovered, and the operating capacity has declined by about 4W per week. On the demand side, the actual demand has not fully recovered to the pre-holiday level, the accumulation continues, and it is expected that this week will still be in a phased accumulation cycle, and the high point of aluminum ingot inventory after the year is expected to be around 85w, focusing on the recovery degree of consumption. In the spot market, the spot premiums in East and South China weakened under the pressure of demand and accumulation; The processing cost of aluminum rods has become stronger. On the domestic cost side, the spot price of alumina in coal and some parts of the north continued to fall, alumina fluctuated in a narrow range around the 3200 line, and carbon blocks remained stable. Overseas U.S. spot premiums on the upside; European natural gas and electricity prices on the cost side.