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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fluctuated at a high level, and the overall trend of short-term expectations was stable

    Aluminum prices fluctuated at a high level, and the overall trend of short-term expectations was stable

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Last week, the high price of aluminum fluctuated, Lun aluminum fluctuated at 1560-1620, strong supply and weak demand under Lun aluminum inventory continued to accumulate, and Lun aluminum continued to test the effectiveness of the 1600 mark; Under the support of inventory dematerialization and strong spot stocks, the main force of Shanghai aluminum is expected to fall in the short term, and the overall trend is expected to be stable.

    Aluminum prices

    In terms of the market, at the beginning of the week, due to the delivery of the month, the spot market performance was calm, and later with the purchase of large households, driving market activity, the shipment of holders increased, the market circulation was acceptable, the middlemen traded relatively cautiously this week, the enthusiasm to enter the market decreased, and the overall market transaction was average
    .

    In East China, the center of gravity of aluminum prices continues to move upward, electrolytic aluminum inventories continue to decline, and electrolytic aluminum manufacturers control shipments, firm selling prices, after the month change, spot goods return to a high premium state, the current premium is 180 yuan / ton; As of Friday, spot aluminum prices in East China were between 13,890-13,930 yuan / ton, up 110 yuan
    from last week.
    In South China, the price of aluminum ingots in South China continued to move upward, and as of Friday, the price was between 14240-14340 yuan / ton, up 200 yuan / ton from last Friday, and the increase was wider than that in East China; In terms of market transactions, prices have been raised, and holders have been more active in shipments, but the downstream order receiving situation is not satisfactory, and more on-demand purchases
    are maintained.

    In terms of stocks, domestic social electrolytic aluminum stocks during the week were 112,000 tons in Shanghai, 26.
    6 tons in Wuxi, 104,000 tons in Hangzhou, 32,000 tons in Gongyi, 164,000 tons in Nanhai, 59,000 tons in Tianjin, 09,000 tons in Linyi, 07,000 tons in Chongqing, and the total inventory of aluminum ingots in consumption was 754,000 tons, down 33,000 tons
    from last week.

    The overall trend of Shanghai aluminum last week was stable, with a cumulative weekly decline of 0.
    04%; The highest climbed to 13965 yuan / ton, electrolytic aluminum inventory in the week is still continuing, the current social aluminum ingot inventory has dropped to around 75 tons, in the short term in the destocking and spot support under the support of aluminum prices continue to run at a high level, but after entering the off-season, the trend of weak supply and demand in the later period is becoming more and more obvious, negative factors continue to accumulate, and the overall fundamentals are not good; Aluminum prices may be difficult to continue to rise, next week is expected to be stable overall trend, Shanghai aluminum main focus on 1.
    35-13,700 range volatility, operation more wait-and-see
    .

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