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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices rose rapidly and downstream consumption performance was average

    Aluminum prices rose rapidly and downstream consumption performance was average

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    After the holiday, downstream enterprises partially resumed work, but the overall demand is still far from recovery, while the rapid rise in aluminum prices, downstream consumption performance is general, pay attention to the progress of
    resumption of work.

    Aluminum prices

    Foshan aluminum: 2/24 Nanchu Foshan aluminum ingot quotation 16710-16770 yuan, the average price of 16740 yuan, down 40, up 15
    to the month.
    Today's aluminum price fell slightly, the morning futures price fluctuated downward, the spot market also weakened significantly, the market shippers are far more than the receivers, the market circulation is abundant, spot prices are under pressure, the early premium can still maintain 0 ~ 10 yuan, there is a certain trading volume, the later period price fell to a stable low, the premium also fell to -40 yuan, but the transaction is weak, the spot transaction price is concentrated in 16700-16750 yuan, compared with the average price of South Reserve Foshan premium -40~10 yuan
    .

    Wuxi aluminum: 2/24 Nanchu Wuxi aluminum ingot quotation 16720-16760 yuan, the average price of 16740 yuan, down 30, up 15
    on the month.
    Today's East China market continues to be weak, there have been many discount transactions in the morning, the premium is more -10~0 yuan, but the market shippers are too many, so that the price is sluggish and the transaction situation is not ideal
    .
    In the later period, the spot transaction premium fell to -50~-40 yuan with the futures price, and the market trading situation continued to deteriorate, and the spot transaction price was concentrated between 16690-16740 yuan, which was -50~0 yuan
    higher than the average price of Nanchu Wuxi.

    In the medium term, the pace of production in Yunnan after the holiday will accelerate compared with before the holiday, and the trend of continuous supply growth has not changed, but the consumer side is expected to be more optimistic, and major sectors such as real estate, automobiles, and photovoltaics are still expected to drive in the peak season, and the peak season will still enter the destocking situation
    .
    At the same time, the recent overseas epidemic is under control, and the economic recovery and fiscal stimulus policies will give strong support to prices at the macro level
    .
    Aluminum prices are expected to maintain an upward trend
    .

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