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After the Shanghai aluminum shock, the end of the day closed flat, and the inflection point of destocking is approaching

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2105 contract opened at 17275 yuan / ton, the highest intraday 17300 yuan / ton, the lowest 17030 yuan / ton, settled 17160 yuan / ton, and closed at 17060 yuan / ton, unchanged from the settlement price of the previous trading day
.
Today's Shanghai aluminum shock after the end of the close flat, RBC expects this year aluminum demand will exceed supply growth, the current fundamentals are relatively healthy, the inflection point of destocking is approaching
.

Shanghai aluminum

Today's London aluminum shock downward, LME three-month aluminum Beijing time at 15:00 at 2238 US dollars / ton, down 10 US dollars, or 0.
44%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 17170-17210 yuan / ton, up 100 yuan; Guangdong South Reserve reported 17170-17230 yuan / ton, up 120 yuan; Hua reported 17290-17310 yuan / ton, up 120 yuan
.
The premium is slightly firm, the market trading has weakened, the enthusiasm of large households to receive goods is acceptable, and the transaction performance is not as good as yesterday
.

In order to prevent global warming, it is necessary to reduce carbon dioxide emissions from aluminum production by 80% within three decades, and the cost of reducing emissions is estimated at $0.
5-1.
5 trillion, or $16.
7 billion to $50 billion per year, accounting for about 8.
5-25%
of the industry's current revenue.

In terms of news, the speculation of the State Reserve selling aluminum ingots has cooled down, and the relevant rumors have not yet been confirmed, the short-term downstream is about to usher in the demand season, the inventory inflection point is approaching, and spot aluminum prices are expected to rise
.

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