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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices in Shanghai and aluminum have risen sharply, and the upward momentum may weaken

    Aluminum prices in Shanghai and aluminum have risen sharply, and the upward momentum may weaken

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Aluminum prices fell first and then rose yesterday, closing at 12195
    .
    Today's Shanghai aluminum main month 2006 contract opened at 12265 yuan / ton, the highest intraday 12375 yuan / ton, the lowest 12215 yuan / ton, settled 12310 yuan / ton, and closed at 12245 yuan / ton, up 110 yuan
    .
    With the easing of market sentiment, Shanghai aluminum rose sharply today, and the probability of a sharp reduction in production of aluminum plants in the future market has decreased, and the upward momentum of aluminum prices may weaken.

    Aluminum prices

    In terms of external trading, today's London aluminum volatility trend, LME three-month aluminum Beijing time at 15:00 at 1522 US dollars / ton, up 25 US dollars, or 0.
    13%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 12460-12500 yuan / ton, up 220 yuan; Guangdong South Reserve reported 12550-12610 yuan / ton, up 270 yuan; Hua reported 12580-12600 yuan / ton, up 230 yuan
    .
    Downstream on-demand procurement is the mainstay, and large households continue to actively receive goods, and trading is more active
    .

    Industry News:

    1.
    Ministry of Finance and other three ministries and commissions: From January 1, 2021 to December 31, 2022, new energy vehicles purchased will be exempted from vehicle purchase tax
    .
    New energy vehicles exempt from vehicle purchase tax refer to pure electric vehicles, plug-in hybrid (including range extender) vehicles, and fuel cell vehicles
    .

    2.
    According to statistics, in 2019, the production and sales scale of Chalco Sapa reached 14,500 tons, of which products involving "new infrastructure" accounted for more than
    60%.
    In the field of rail transit, Chalco Sapa's products have been successfully applied to more than ten rail transit lines in many cities, becoming the "pioneer" in the lightweight application of aluminum alloy in urban rail transit
    .
    At the same time, the company successfully opened the European high-speed rail market in 2019 and became a qualified supplier of Talgo in Spain to achieve batch delivery
    .
    In the field of 5G communications, as of this year, the company's 5G communication materials have been developed into the third generation
    .
    In the UHV market, the large-diameter aluminum products produced by the company for transmission have successfully entered the major domestic power equipment manufacturers
    .
    In the field of new energy vehicles, the company is also involved in the lightweight market of trucks, trailers, new energy buses and other vehicles
    .

    At present, downstream consumption may be advanced, and the reduction of supply is still small, the fundamentals are weak for a long time and difficult to change, although the short-term transaction is active, the price upward momentum is insufficient, but the pullback in the peak season may not be deep, the price may show a wide range of shocks, and the insured seize the opportunity
    to enter the high.

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