Aluminium: LME aluminium opened at $2,920/mt on Monday and closed at $2,933/mt,
an increase of $10.5/mt or 0.36%.
SMM price, on Jan 11th of 2022, the price is 21610 yuan/MT.
According to market analysis, most of the raw material prices remain high at present.
In the short term, global inflation makes the raw material price difficult to fall back.
Richmond Fed president Barkin said : March rate hike is conceivable.
Upward pressures on inflation are likely to abate later in 2022.
Supply chains will continue to be hit hard by the pandemic; It could last until 2023.
Consumption in downstream sectors showed signs of weakening,
except for the aluminium plate sheet, strip and foil sector.
Although the social inventory continued to fall due to fewer arrivals and modest consumption,
the support to aluminium prices is gradually weakening.
Market needs to pay attention to the possible further aluminium production reduction caused
by the energy shortage in Europe and the domestic aluminium inventory changes.
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