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    Home > Chemicals Industry > New Chemical Materials > Aluminum market inventories are at a low and medium level, pushing up aluminum prices in the short term

    Aluminum market inventories are at a low and medium level, pushing up aluminum prices in the short term

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Recently, the domestic and foreign aluminum markets have fluctuated upward, and the domestic aluminum ingot social library has accumulated again, but the degree is relatively mild
    .
    Considering the transportation and logistics problems, the promotion of local New Year celebrations in many places, and the replacement of scrap aluminum by some primary aluminum, the accumulation around the Spring Festival or not as expected, superimposed on the inventory at this time is in a relatively low and medium position, the market early transaction accumulation is not as expected logic, in the short term to push up aluminum prices
    .

    Aluminum City

    Aluminum ingot inventories recorded 714,000 mt this week, up 32,000 mt
    from last week.
    From the perspective of processing, the operating rate of aluminum continues to decline, industries with poor orders such as building profiles and cables began to enter the holiday, and the pre-holiday stocking situation also showed differentiation, and more companies will enter the holiday this week, and the operating rate will further decline
    .

    On the supply side, the growth of electrolytic aluminum operating capacity began to slow down due to the construction plan, but the production capacity released in the early stage continued to increase, and the source of imports in the early stage is currently accumulating in the bonded zone, and the inventory continues to increase; The main contradiction of the transaction based on inventory changes is still there, the transportation margin has improved slightly and demand continues to decline, and the certainty of large accumulation caused by subsequent arrivals is high, but this week into the delivery week, inventory is temporarily difficult to accumulate significantly, from the near weekend to the change of the plate structure is also slightly one or two, the price or affected by this has rebounded, short-term recommendations wait and see
    .

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