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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continue to rise at a high level in the short term or will still run strongly

    Aluminum prices continue to rise at a high level in the short term or will still run strongly

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Last week's aluminum price rose at a high level, and the aluminum price has gradually stabilized above 18,000 during the week, and the highest intraday main force rose to 18425, and as of the close, the main force closed at 18355, a cumulative increase of 1.
    94%; In addition, due to the current domestic peak season consumption continues to rise, and the supply side is limited, weak supply and strong demand is expected to maintain a high level of strong shock operation, in the medium and long term, aluminum prices are expected to hit the 19,000 mark, Shanghai aluminum main force can temporarily pay attention to 1.
    8-18,600 range fluctuations
    .

    Aluminum prices

    Last week, Lun aluminum continued last week's rally, and the price of Lun aluminum broke through a new high during the week, rising to 2389 intraday, once approaching the 2400 mark, a cumulative increase of 2.
    6% compared with last week; Although Biden announced in the middle of the week that he was about to raise the capital gains tax, to a certain extent, suppressed market confidence, but under the wave of economic recovery at home and abroad, the trend of commodity price increases has become unstoppable, inflation expectations have risen again, short-term aluminum or is expected to hit the 2400 mark again, the overall maintenance of a high strong trend, pay attention to the shock range 2320-2420
    .

    In terms of the market, traders are more optimistic about the future market, the enthusiasm to enter the market is acceptable, the price is at a high level, downstream enterprises just need to stock up, and the market transaction is average
    .
    East China: the market lacks actual favorable boost, last week aluminum prices fell into a high shock adjustment, the overall operation above 18,000, as of last Friday, East China spot aluminum between 18190-18230 yuan / ton, up 80 yuan / ton, up 0.
    44%, spot basically maintained flat water; South China: As of last Friday, the price of Foshan Nanhai aluminum ingot with tickets was between 18480-18580 yuan / ton, up 100 yuan / ton from the previous month, and the cargo holders shipped steadily, the local market was abundant, the overall performance was oversupplied, and downstream enterprises mainly bought on demand
    .

    Last week, aluminum prices continued to rise at a high level, with London aluminum rising 2.
    6% and Shanghai aluminum rising 1.
    94%; Inventories in the week still maintain dematerialization, but compared with previous years, but the current macro in the face of aluminum prices to boost strongly, commodity price rise expectations still exist, short-term aluminum prices or will still be strong operation, Shanghai aluminum main focus on 1.
    8-18,600 range, Lun aluminum focus on 2300-2420
    .

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