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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices have recovered from the previous day's decline

    Aluminum prices have recovered from the previous day's decline

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum prices rebounded yesterday
    .
    Shanghai aluminum main position 2110 contract opened at 21095 yuan / ton in the morning, the late opening of the aluminum plate all the way up, the rise is strong, the highest touch 21490 yuan / ton, and the previous high of 21550 yuan / ton only 60 yuan / ton, the end of the slight fall finally closed at 21460 yuan / ton, up 290 yuan / ton, up 1.
    37%.

    It has already risen back to yesterday's decline
    .

    Aluminum prices

    The Biden administration recently laid out a $7.
    5 billion plan to expand advanced EV charging infrastructure to underserved areas, which will boost aluminum demand in the medium to long term
    .
    Recently, the price of alumina at the cost end has risen, and the southwest region has increased more than the north, and the transaction price in many places has reached a new high
    .

    Fundamentally, power curtailment and production restrictions in many places have become more stringent, and the dual-control policy on energy consumption continues to affect the supply side
    .
    On the consumer side, the cargo holder is bullish on the price of shipment, the receiver is actively purchasing, and the overall transaction atmosphere is more active
    .
    With the easing of power cuts in Henan and the arrival of the "Golden Nine Silver Ten" consumption season, the increase in consumption may be marginally stronger
    .

    In terms of stocks, LME stocks stood at 1,335,300 mt as of September 2, down 0.
    16 million mt
    from the previous session.
    In the week ended August 27, the social inventory of aluminum ingots rose by 13,000 tons month-on-month to 754,000 tons
    .

    The latest inventory data showed that overall aluminum ingot inventories retreated, down 04,000 tons
    from Monday's data.
    In terms of price, since the supply and demand ends of aluminum will still benefit from the impact of the concept of "carbon neutrality" for a long time to come, and the macro liquidity inflection point has not yet officially arrived, it is necessary to continue to pay attention to the impact of the
    Fed's attitude.

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