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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fluctuated in a narrow range to maintain the upward trend of the center of gravity

    Aluminum prices fluctuated in a narrow range to maintain the upward trend of the center of gravity

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Friday, Shanghai aluminum fluctuated in a narrow range, and the discount near delivery narrowed
    .
    Recently, the national power shortage situation has become more and more serious, Yunnan, Guangxi, Guizhou, Inner Mongolia, Henan and other places have experienced power cuts and production reductions, and the scale of production reduction has exceeded 2 million tons since the beginning of the year, and the supply continues to shrink and amplify the gap between supply and demand
    .
    Affected by the increase in goods this week, the social inventory of aluminum ingots rebounded by 10,000 tons, but the consumption off-season is not light, and the inventory will remain low
    .
    In the case that the domestic power problem is difficult to solve in the short term, aluminum prices maintain an upward trend of gravity, and hold more
    .

    Aluminum prices

    Aluminum ingot inventories increased slightly this week, up 0.
    7 to 739,000 tons from last week, although the performance was accumulating, but the accumulation phenomenon was more in line with expectations
    .
    There are still obvious disturbances on both sides of supply and demand this week, among which the supply side, the production limit requirements of the power grid in Guangxi may be further expanded, and on the demand side, the power shortage in Henan has restricted
    processing enterprises in Zhengzhou, Luoyang and other places.

    At present, the fundamentals are increasingly affected by the power shortage, especially on the supply side, and the scope of production restrictions caused by the lack of electricity in the southwest region has gradually expanded, and the supply situation that was expected to improve in August has not improved, but has further deteriorated; On the demand side, except for some areas in Henan affected by electricity, due to the tightening of control caused by the rebound of the domestic epidemic, the regional transportation efficiency has declined, and the operating rate of processing enterprises has decreased
    slightly.

    In terms of inventory, this year's continuous low water level of the social library to give strong support below the aluminum price, the current inventory level at the level of 732,000 tons, still continue the rhythm of destocking, under the influence of Henan flood, Gongyi, Wuxi warehouse aluminum ingot storage volume is low, making the speed of destocking further accelerated
    .
    The inflection point of accumulation continues to move back, and aluminum prices will run
    at a high level.

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