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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices are strong and volatile, and demand still needs to be continuously observed

    Aluminum prices are strong and volatile, and demand still needs to be continuously observed

    • Last Update: 2023-01-04
    • Source: Internet
    • Author: User
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    Yesterday's aluminum prices were strongly volatile, and social inventories continued to be at a low level
    .
    As of the close of 3 p.
    m.
    , the main 2212 contract of Shanghai aluminum rose to 19015, or 0.
    56%.

    Aluminum prices

    Recently, the Ministry of Industry and Information Technology, the Development and Reform Commission, the Ministry of Ecology and Environment and other three departments jointly issued the "Implementation Plan for the Carbon Peak of the Non-ferrous Metals Industry", which proposes that the energy consumption structure of the non-ferrous metals industry during the "15th Five-Year Plan" period will be greatly improved, the proportion of renewable energy used in electrolytic aluminum will reach more than 30%, and the industrial system of green, low-carbon and circular development will be basically established to ensure that the non-ferrous metal industry will achieve carbon peak
    before 2030.
    In terms of domestic supply, the recent 80,000-ton production reduction in Henan has been completed, while the process of new investment and resumption of production in Guangxi, Guizhou and Inner Mongolia has been relatively slow
    .

    On the demand side, the recent news of 16 financial measures to support the stable and healthy development of the real estate market continues to ferment, which has boosted market sentiment to a certain extent in the short term, but the impact on downstream demand for aluminum still needs to be observed
    .

    In terms of inventory, both at home and abroad are at a low level, the recent macro favorable and low inventory to the warehouse, is the factor driving the upward trend of Shanghai aluminum, after the epidemic eases, concentrated arrival or accumulation is expected, and demand still needs to continue to observe, or limit the increase
    .

    On the whole, in the short term, affected by the epidemic and transportation obstruction in many places, the domestic aluminum ingot social inventory remains low, the overall spot market supply is tight, and there is still some support for the fundamentals of domestic aluminum prices, and the current contradiction between supply and demand is not prominent for the time being, and it is recommended to treat
    it with the idea of high selling and low absorption.

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