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    Home > Chemicals Industry > New Chemical Materials > Aluminum ingots open to destocking short-term Shanghai aluminum remains high

    Aluminum ingots open to destocking short-term Shanghai aluminum remains high

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2106 contract opened at 18130 yuan / ton, the highest intraday 18240 yuan / ton, the lowest 18030 yuan / ton, settled 18130 yuan / ton, and closed at 18070 yuan / ton, up 5 yuan
    .
    Today's Shanghai aluminum shock trend, Lun aluminum inventory continued to fall, and Shanghai aluminum inventory ended the continuous rise trend, electrolytic aluminum supply growth rate tightened, short-term aluminum prices remained high
    .

    Shanghai aluminum

    Today, Lun aluminum fluctuated to the upside, and the LME three-month aluminum Beijing time was reported at 2336.
    5 US dollars / ton at 15:01 Beijing time, up 6.
    5 US dollars, or 0.
    28%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 18110-18150 yuan / ton, unchanged; Guangdong South Reserve reported 18150-18210 yuan / ton, down 10 yuan; Hua reported 18210-18230 yuan / ton, flat
    .
    Holders actively ship, the market favors low-priced sources, large households are generally enthusiastic about receiving goods, and the transaction performance is acceptable
    .
    The stable recovery of the global economy strengthens the prospect of increasing demand, the domestic electrolytic aluminum plant is basically full production, the growth space is limited, the production restrictions in some regions affect the supply, the current social inventory of aluminum ingots is in a downward trend, and the spot aluminum price is expected to rise
    slightly.

    Recently, it has been reported on the Internet that Xinjiang aluminum ingot production is limited, involving limiting production at the annual level, stimulating long funds to raise aluminum prices
    .
    At the same time, in terms of fundamentals, inventories continued to fall sharply, in line with the previous market bullish expectations, and bulls took the initiative to enter the market to pull up aluminum prices
    .
    At present, the judgment of aluminum prices in the medium term upward remains unchanged, but with the rapid rise of aluminum prices, the downstream stocking rhythm may be lengthened and relatively cautious, which is not conducive to the smooth transmission of aluminum prices in the industrial chain, so it is expected that domestic electrolytic aluminum will continue to maintain a slight destocking trend in April, but the destocking rate may be difficult to increase
    .
    Overseas, they continue to pay attention to vaccination and epidemic control in Europe and the United States
    .
    In the short term, aluminum ingots open to destocking, the overall is strong, but the rhythm needs to be cautious, and aluminum prices are expected to remain high and wide fluctuations
    .

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