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    Home > Chemicals Industry > New Chemical Materials > Aluminum market noon review on December 8

    Aluminum market noon review on December 8

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market afternoon commentary: global stock markets and oil prices continued to rise, overnight Lun aluminum closed up $31; Recently, electrolytic aluminum production is difficult to increase, coupled with the decline in internal and external aluminum ingot inventory, forming a certain support for aluminum prices, and aluminum may rise
    today.

    Aluminum City

    Overnight coal rose, Lun aluminum rose sharply to close Zhongyang closed at $2625, Shanghai aluminum opened high overnight to close Xiaoyang, closed at 18910.
    Shanghai aluminum trading fell and positions rose, market sentiment was slightly optimistic
    .
    Policy factors have led to inactive trading of Shanghai aluminum, and the market may continue to rebound
    with Lunaluminum in the future.
    Upper pressure 22000, lower support 18500
    .

    The contradiction of aluminum fundamentals has been blunted, and there are no new rumors of production reduction on the supply side, but under the background of dual control of energy consumption, the resumption of work of electrolytic aluminum plants that stopped production and reduced production in the early stage is slow, and the supply side is still tight; On the consumer side, the operating rate of processing enterprises has remained stable overall, sub-sectors, plate and foil downstream orders are relatively stable, cable companies due to the early centralized delivery led to reduced scheduling pressure, consumption rhythm has slowed down, aluminum alloy and building profile sector orders are weak, it is expected to be difficult to improve in the year, some processing enterprises in the northern region due to environmental protection reasons began to stop furnace and production, consumption follow-up improvement is limited, it is expected that aluminum prices will continue to maintain volatile operation
    .

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