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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continue to run strongly, and the market expects consumption to pick up

    Aluminum prices continue to run strongly, and the market expects consumption to pick up

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2203 contract, opening 22730 yuan / ton, the highest intraday 22955 yuan / ton, the lowest 22605 yuan / ton, settlement 22330 yuan / ton, the end of the close to 22870 yuan / ton, up 540 yuan, up 2.
    42%.

    Today's Shanghai aluminum is running at a high level, the disturbance of the aluminum supply side has strengthened again, superimposed on the domestic aluminum ingot accumulation is less than expected, while domestic policies promote consumption does not change, aluminum prices continue to run
    strongly.

    Aluminum prices

    Today, after the high level of Lun aluminum rebounded, the LME three-month Beijing time at 15:01 at 3208 US dollars / ton, up 20 US dollars, or 0.
    63%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 22870-22910 yuan / ton, up 410 yuan; Guangdong South Reserve reported 23050-23110 yuan / ton, up 520 yuan; Hua reported 22920-22960 yuan / ton, up 400 yuan
    .
    After the holiday, the market atmosphere was cold, the receiver undercut the price and less mining, a small amount of replenishment, the enthusiasm of large households to receive goods was weak, and the overall trading atmosphere was not good
    .

    Industry news, aluminum sales in the fourth quarter of 2021 were 989,000 tons, up 8.
    1% quarter-on-quarter; According to customs data, China's aluminum foil exports from January to December 2021 were 1.
    335 million tons, a year-on-year increase of 7.
    73%, and the export volume exceeded the previous high value of 1.
    295 million tons in 2019, reaching a record high
    .

    In terms of inventory, the current domestic social library accumulation is not as large as in previous years, and it is necessary to pay attention to the subsequent inventory changes
    .
    On February 7, the domestic aluminum ingot inventory was 866,000 tons, compared with 140,000 tons
    before the holiday.
    LME aluminium inventories fell 550 tonnes from the previous session to 768,000 tonnes
    on Feb.
    8.

    At present, the threat of the energy crisis to overseas electrolytic aluminum production capacity may continue to the beginning of spring, and with the resumption of construction in various places after the holiday, driven by real estate stock construction, completion and infrastructure projects, consumption can be expected to pick up, it is expected that aluminum prices still have upward potential after the year, but need to be wary of the fluctuation of market expectations for interest rate hikes in the late first quarter
    .

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