echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Aluminum prices may be difficult to fall sharply years ago, and the probability of continuing to fluctuate is relatively large

    Aluminum prices may be difficult to fall sharply years ago, and the probability of continuing to fluctuate is relatively large

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Shanghai aluminum accumulated a cumulative increase of 3.
    7% last week; The market is still optimistic about the market after the year, coupled with the recent release of new electricity price stimulus policies in Inner Mongolia, aluminum prices may be difficult to fall sharply a few years ago, and the probability of continuing to fluctuate is large, and the main force of Shanghai aluminum can temporarily fluctuate
    in the range of 1.
    5-15,700.

    Aluminum prices

    Last week, London aluminum accumulated a cumulative increase of about 1.
    1%; The short-term trend of aluminum is still good, or continue to run strongly, you can pay attention to the volatility of the 1960-2060 range
    .

    In terms of the market, as of Friday, East China spot aluminum was between 15490-15530 yuan / ton, up 540 yuan / ton from last Friday, and the spot discount was 50
    .
    Spot aluminum is expected to remain high next week
    .

    At present, the price of electrolytic aluminum has fallen back, profits have been compressed, supply and demand have become weak, and expectations have been reflected
    in price adjustments on the plate.
    If the demand side recovers after the holiday, the accumulation phenomenon disappears, and the epidemic gradually improves, overseas demand recovers
    before the stimulus policy is withdrawn.
    The price will rebound significantly under the resonance
    of fundamentals and macro.
    The main aluminum price observation around 14,500 yuan / ton support, if consumption recovers, there is destocking, then aluminum prices will rebound under macro and demand resonance
    .
    In the later stage, we will focus on the recovery of domestic consumption, the development of overseas epidemics and inventory changes
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.