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    Home > Chemicals Industry > New Chemical Materials > Aluminum high volatility operation short-term or continuation of high wide fluctuations

    Aluminum high volatility operation short-term or continuation of high wide fluctuations

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai aluminum main 1806 contract opened volatile in the morning to 15,055 yuan, and then the price fluctuated at a high level, closing at 15,035 yuan, up 5 yuan, or 0.
    03%.

    Index holdings decreased by 920 lots to 823,000 lots, and trading volume narrowed to 554,000 lots
    .

    Period aluminum

    In the spot market, Shanghai transaction concentration 14970 ~ 14990 yuan / ton, for the current month premium 30 ~ 40 yuan / ton, Wuxi transaction concentration 14970 ~ 14990 yuan / ton, Hangzhou transaction concentration 14970 ~ 14990 yuan / ton, the above quotation is including the transaction price of the monthly ticket, if it is the next monthly pass, the transaction price is 60 yuan / ton lower than the monthly pass; In the Guangdong spot market, the transaction volume of the monthly ticket source is concentrated in 14990~15000 yuan / ton, and the next monthly pass is concentrated around 14970 yuan / ton, and the price difference between Guangdong and Shanghai is maintained at about
    10 yuan / ton.

    In terms of industry, global (excluding China) daily average primary aluminum production increased from 71,800 tons to 72,000 tons in March, global (excluding China) primary aluminum production increased to 2.
    232 million tons in March, compared with 2.
    01 million tons revised in February, data released by the International Aluminum Association (IAI) on Friday, and US aluminum producers Arconic Inc.
    and Ball Corp.
    's plant in Russia has a lot of business, accounting for more than a quarter of Rusal's consumption, and the two U.
    S.
    companies will no longer be able to buy raw materials
    from Rusal because of U.
    S.
    sanctions imposed on Rusal two weeks ago.

    Market News:

    1.
    Interfax quoted Russian Finance Minister Anton Siluanov as saying that the government is not considering temporarily nationalizing
    Rusal at this time.

    2, Jefferies shipping analyst Randy Giveans in Houston said that despite the sanctions imposed by the United States, Rusal will still find a way to continue to deliver goods
    .

    During the day, domestic alumina quotations rose sharply, and the cost center of electrolytic aluminum may be further moved up in the future, giving aluminum price support
    .
    Operationally, short-term market sentiment changes rapidly, LME aluminum or continue to fluctuate in a high and wide range, Shanghai aluminum in the 15,000 line or repeated, shock idea operation
    .

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