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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fluctuated and stabilized, and the market traded better than last week

    Aluminum prices fluctuated and stabilized, and the market traded better than last week

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum prices stabilized this week, with London aluminum falling 0.
    4%; Shanghai aluminum main force rose 0.
    03%; Macro turmoil and ups and downs during the week, aluminum prices also pullback, but the rise in demand in the peak season also formed a certain positive support for aluminum prices, superimposed on the delocalization of social inventory, it is expected that next week's Shanghai aluminum or shock upward, the main focus on the shock range of 1.
    7-17,800, Lun aluminum focus on 2200-2300.

    Aluminum prices

    In terms of the market, the holders of goods mostly maintain stable shipments, the current spot is basically flat water, the market supply is more abundant, the high price of aluminum has fallen, downstream enterprises have increased the enthusiasm to enter the market to receive goods, coupled with the expectation of peak season demand, the overall procurement situation has improved, and the market transaction is better than last week
    .

    East China, market demand has improved, electrolytic aluminum inventory after the Spring Festival for the first time declined, but during the period affected by market rumors, aluminum price rebound was blocked to fall, East China spot aluminum gradually approached 17,000, and then recovered part of the decline, as of Friday, East China spot aluminum price between 17310-17350 yuan / ton, down 70 yuan from last Friday, down 0.
    4%.

    。 In South China, as of Friday, the price of Foshan Nanhai aluminum ingot ticket is between 17570-17670 yuan / ton, down 60 yuan / ton from last Friday, the price fluctuates sharply, traders operate more frequently, downstream enterprises just need to stock up on the low, the transaction is acceptable
    .

    According to the latest data, this week's social inventory reported 1.
    243 million tons, down 07,000 tons from last week, the current inventory has gradually turned from accumulation to destocking, inventory inflection point or has come, coupled with the gradual rise of downstream demand, aluminum prices below still have strong support; however, the high price on demand inhibition effect can not be ignored, short-term Shanghai aluminum or continue to shock strong trend, but at 18,000 pressure is still large, and aluminum prices rise to a high level after there is still a certain possibility
    of falling.

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