-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Last week's European and American Christmas holidays, there was less
economic data.
Shanghai aluminum continued to rise after a slight consolidation, short-term strong maintenance, domestic aluminum prices maintained about 20,000 fluctuations during the week, holders shipments are more active, downstream on-demand procurement
.
The trading time of London aluminum is short, and it mainly maintains narrow fluctuations
.
In terms of macro, the domestic monetary and fiscal policies in the past 22 years have been relatively positive, and the superimposed carbon goals will restrict the supply of electrolytic aluminum, so the medium and long term aluminum market trend is optimistic
.
In the short term, the market remains optimistic about the new variant Omicron, the US index continues to shift its center of gravity downward, and the pressure on the colored sector has eased
.
Fundamentally, before the arrival of the inventory inflection point, aluminum prices are easy to rise and fall, last week due to the reduction of domestic electrolytic aluminum social library beyond expectations to go to storage, LME inventory has also fallen to around 930,000 tons in a historical position
.
In addition, the issue of energy costs remains a focus in the near term, last week due to the high cost of electricity in Europe, Alcoa announced that it will stop production for two years at the San Ciprian aluminum smelter (228,000 tons) in Spain, and Hydro also announced that it will reduce the capacity of its aluminum plant in Slovakia to 60% (a reduction of 35,000 tons).
Although European natural gas prices fell sharply last week due to the United States and Australia transporting natural gas to Europe, the Dutch TTF price rose again on January 3, increasing by nearly 20% in a single day, so it is necessary to be wary of the European energy problem fermenting again
.
Secondly, Indonesia's announcement of a ban on coal exports in January 22 may have an impact on domestic thermal coal prices, which in turn will drive aluminum prices up
.
Near the end of the year, the reasons for the continuous rise in aluminum prices are summarized in two aspects, one is the European energy crisis continues, the capacity closure of the Nordic electrolytic aluminum plant continues to increase, and there is no fundamental solution
in the short term.
Second, the continuous destocking of electrolytic aluminum stocks gives the market consumption good and sustainable expectations
.
Looking forward to the future market, the European energy crisis will continue, but it may be caused by poor transportation, and you can pay attention to the destocking situation
before the end of the year.
Supply side: due to the improvement of electrolytic aluminum profits, the supply remains stable, demand side: near the end of the year, downstream consumer enterprises will give priority to payment collection, and will purchase on demand under the condition of ensuring normal production
.
In summary, the market still has room for upward, but the amplitude is not large, and it may maintain a relatively wide range of volatility a few years ago
.
