echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Aluminum closed slightly higher during the high adjustment of the US dollar index

    Aluminum closed slightly higher during the high adjustment of the US dollar index

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight LME March electronic trading closed at $1954 / ton, up 0.
    64%; The Shanghai aluminum 1901 contract closed at 13,755 yuan / ton overnight, up 0.
    36%.

    Period aluminum

    In terms of inventory, LME aluminum stocks were 1072525 tons, down 525 tons from the previous trading day, and the aluminum warehouse receipt of the previous period was 577,300 tons, down 2,858 tons
    from the previous trading day.

    In terms of spot, the Shanghai transaction price is concentrated at 13710~13720 yuan / ton, the discount for the month is 50 yuan / ton ~ 40 yuan / ton, the Wuxi transaction price is concentrated 13710~13720 yuan / ton, and the Hangzhou transaction price is concentrated between
    13720~13740 yuan / ton.
    Intraday cargo holders have a more positive attitude towards shipment, downstream basic on-demand procurement, due to the recent weak price, the downstream has a wait-and-see attitude towards the price, and the enthusiasm for receiving goods is not high
    .

    In terms of alumina, Guiyang primary alumina quotation was 3140 yuan / ton, unchanged from the previous trading day; Shanxi first-class alumina quotation of 3200 yuan / ton, unchanged from the previous trading day; Henan first-class alumina quotation of 3200 yuan / ton, unchanged from the previous trading day
    .

    In terms of news, the US dollar index adjusted at a high level, crude oil rebounded for major commodities, and aluminum prices closed slightly higher
    .
    In terms of industry, Shanxi Jiaokou Xinfa alumina 2.
    8 million tons of production capacity due to boiler failure maintenance 7-10 days, part of the output loss, Shandong Liaocheng heating season to Pingping Xinfa Huayu 4.
    4 million tons of alumina plant reduced by 10%, the implementation of the production limit period from 2018.
    12.
    1 to 2019.
    1.
    31, electrolytic aluminum may survive peak
    shift.
    At present, industrial losses and autumn and winter production restriction policies inhibit potential supply growth, prevent the decline in aluminum prices, and look at aluminum prices
    at a low level.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.