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Aluminum market costs continue to rise, and spot prices are supported

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Aluminum market summary: China's off-season demand has doubts, the next week Lun aluminum closed down $12 under pressure, the cost of alumina prices continued to rise, the current electrolytic aluminum production capacity is not much new to resume production, it is expected that the current aluminum rises
.

Aluminum City

Futures market: China's downstream is about to enter the traditional off-season, demand has doubts, the next week Lun aluminum under pressure downward, the latest closing quotation of 1612 US dollars / ton, down 12 US dollars, down 0.
74%.

On Friday night, Shanghai aluminum fluctuated at a high level, and the latest closing price of the main month 2008 contract was 14,055 yuan / ton, up 60 yuan, or 0.
43%.

The London Metal Exchange (LME) reported its latest inventory of 1629275 metric tons on July 3, down 4,500 metric tons, or 0.
28%,
from the previous trading day.

On July 3, the domestic spot aluminum price remained stable, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was 14420 yuan / ton, unchanged; The price of AOO aluminum ingots in East China was 14430 yuan / ton, up 10 yuan
.
Recently, the price of alumina at the cost end has continued to rise, as the recovery of aluminum prices has boosted the demand for alumina by aluminum enterprises, and also increased the production cost of electrolytic aluminum; At present, aluminum companies have considerable profits, but there are not many new electrolytic aluminum production capacity resumption, and the supply growth rate has slowed down year-on-year, and spot aluminum prices are expected to rise
.

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