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    Home > Chemicals Industry > New Chemical Materials > Aluminum ingot social library to go to the library again Shanghai aluminum is still prone to rise and fall in the short term

    Aluminum ingot social library to go to the library again Shanghai aluminum is still prone to rise and fall in the short term

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2110 contract, open 20420 yuan / ton, the highest intraday 20510 yuan / ton, the lowest 20305 yuan / ton, settlement 20305 yuan / ton, the end of the close to 20425 yuan / ton, up 120 yuan
    .
    Today's Shanghai aluminum high volatility, domestic August power rationing is difficult to solve, September peak season is coming, and the dual control is becoming stricter, and aluminum ingot social library again to the warehouse, aluminum prices are still easy to rise and fall
    in the short term.

    Shanghai aluminum

    Today, Lun aluminum fluctuated in a narrow range, and the LME was reported at $2608 / ton at 15:01 Beijing time for three months, up $14, or 0.
    56%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 20370-20410 yuan / ton, up 20 yuan; Guangdong South Reserve reported 20490-20550 yuan / ton, up 30 yuan; Hua reported 20440-20480 yuan / ton, up 50 yuan
    .
    The market liquidity gradually widened, the holders actively shipped, the receiver stopped and watched, the trading atmosphere was weak, and the overall transaction was not satisfactory
    .

    In terms of news, the intensification of electric panic and the tightening of dual control, the production of electrolytic aluminum will be further reduced, and the landing time of new projects will be further delayed, transportation conditions restrict the lack of market arrival, the tight supply of electrolytic aluminum in the Central Plains will continue, and spot aluminum or a small increase
    .

    The impact of macro pressure on aluminum prices has temporarily come to an end
    .
    It is recommended to pay attention to the 2021 Jackson Hole Global Central Bank Annual Meeting on Friday, during which Fed Chairman Jerome Powell will give a speech that may hint at
    the Fed's tapering plans.
    According to Baichuan statistics, Yunnan and Guangxi alone have reduced production by about 1.
    5 million tons due to power cuts, and the overall production has been reduced by 2.
    36 million tons
    in 2021.
    In addition, on the 20th, Qinghai Electrolytic Aluminum Plant received an orderly electricity consumption notice, and the specific time and plan are not yet known
    .
    Qinghai Province has a total annual production capacity of about 2.
    84 million tons of electrolytic aluminum, and the proportion of self-provided electricity is low and more dependent on grid electricity
    .
    In the short term, with the stability of market sentiment and optimism about peak season consumption expectations, the main force of Shanghai aluminum once again stood above 20,000, and the overall trend is still strong
    .

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