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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fluctuate at a low level, and it is difficult to make a breakthrough in the short term

    Aluminum prices fluctuate at a low level, and it is difficult to make a breakthrough in the short term

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Last week, aluminum prices fluctuated at a low level, and Lun aluminum mainly fluctuated in the range of 1700-1730; The main force of Shanghai aluminum fell below 13,600, the epidemic worries caused the slow resumption of work downstream, weak demand, and the continuous increase in inventory, short-term aluminum prices are difficult to break through, short-term material shock trend is difficult to change, Lun aluminum focus on 1700-1750 US dollars, Shanghai aluminum main force focus on 13,500 support
    .

    Aluminum prices

    In terms of external trading, long and short game, last week Lun aluminum trend volatility stable, from the recent trend, Lun aluminum to range volatility, oscillation in the range of 1700-1730 US dollars, the US index is expected to be difficult to have a sharp rise in the background; The short-term shock pattern is difficult to change, and the following attention is paid to the 1700 mark support, and the probability of short-term shock stabilization is expected to be large
    .

    Spot: As of Friday, East China spot aluminum was reported at 13500-13540, down 50 from last week; The discount is between 60-70, and the holder actively ships, but the middleman is not enthusiastic about receiving the goods, and the transaction is average
    .
    Next week, it is expected that spot aluminum shock will stabilize probably
    .

    East China: Spot aluminum last week trend was stable, as of Friday, East China spot aluminum reported 13500-13540, down 50 from last week; The discount is between 70 ~ 60 yuan / ton, and the holder actively ships the goods, but the middleman is not enthusiastic about receiving the goods, and the two sides are deadlocked in the transaction price, and the actual transaction is average
    .

    South China: Last week, spot aluminum prices in South China also stabilized, as of Friday, Foshan aluminum ingot belt ticket price 13830-13930 yuan / ton, down 60 yuan / ton from last week, Guangdong and Shanghai price difference of 330 yuan, social aluminum ingot inventory continued to increase, automobile transportation supply is abundant, market demand is not good, few goods received and continue to reduce prices
    .

    Inventory: The outbound efforts have not yet recovered, and the electrolytic aluminum inventory increased by 137,000 tons from last week; including 111,000 tons in Shanghai, 44.
    7 tons in Wuxi, 125,000 tons in Hangzhou, 209,000 tons in Gongyi, 258,000 tons in the South China Sea, 57,000 tons in Tianjin, 12,000 tons in Linyi, 11,000 tons in Chongqing, and a total of 1.
    23 million tons
    of aluminum ingots in the place of consumption.

    Although the epidemic worries have slowed down, downstream enterprises have started work one after another, but due to the residual temperature of the epidemic, the downstream start speed is slow, and the inventory continues to increase, last week's Shanghai aluminum trend volatility is weak, the main 2004 contract intraday fell below the 13600 mark, the lowest down to 13575; From the trend point of view, short-term aluminum prices are difficult to rise, market demand is less than expected, short-term aluminum price volatility pattern is difficult to change, below pay attention to the 13500 mark support
    .

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