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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices rose sharply stimulated by the Hebei construction plan

    Aluminum prices rose sharply stimulated by the Hebei construction plan

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Domestic market: Today's Shanghai aluminum main month 1705 contract opened at 13930 yuan, intraday high 14185 yuan low 13880 yuan, and closed at 14160 at the end, up 265 yuan / ton
    from the previous trading day.
    As the government announced the construction plan of Hebei Xiong'an New Area over the weekend, the market reacted strongly to this plan, and aluminum prices rose sharply today, and will remain strong in the short term, focusing on the 14500 pressure level
    above.

    Aluminum prices

    International market: The base metals market rebounded due to rising crude oil prices, and today's aluminum rose sharply, with upper support focusing on $
    2,000.
    At 15:50 Beijing time, the LME 3-month aluminum was $1957.
    5, up $19 from the previous session
    .

    Spot market: today's spot trading price of Yangtze River is 13900-13940 yuan / ton, up 370 yuan / ton; Guangdong South Reserve reported 13890-13990 yuan / ton, up 280 yuan / ton; Hua reported 14010-14030 yuan / ton, up 370 yuan / ton; The average domestic spot trading price is between
    13910-13950 yuan / ton.
    Today's aluminum has risen sharply, the willingness of holders to ship is not high, the downstream fear of heights and more wait-and-see sentiment, the market transaction is not good
    .

    Important news at home and abroad:

    1.
    Copper-aluminum composite material is a new type of layered composite material developed in the power and industrial electrical industry in recent years, and is a class of high-performance composite
    conductors.
    Copper-aluminum composite materials are mainly composed of aluminum core and copper cladding layer, which has the characteristics
    of excellent electrical conductivity, good corrosion resistance, low cost and light weight of copper.
    When used as high-frequency wires, high-current conductive bars, etc.
    , its conductivity is almost the same
    as that of pure copper conductors.

    2.
    Recently, Illinois construction company Caterpillar announced a three-year cooperation
    with German additive manufacturing company FITAG.
    Through the partnership, they will co-design and 3D print aluminum and titanium parts for use in Caterpillar's large construction machinery
    .
    Previously, Caterpillar had been using 3D printing technology, but now the company wants to increase its stake
    in technology.
    Through a partnership with additive manufacturing solutions provider FITAG, the construction company will look to 3D printing in
    heavy manufacturing.

    Affected by the strong aluminum in the morning and the gradual fermentation of supply-side reform news, Shanghai aluminum opened strongly, closing at 14160 yuan at midday, an increase of nearly 2%.

    However, at present, domestic aluminum inventories continue to be high, and it is necessary to pay attention to the pressure of the upper pressure level formed by this on Shanghai aluminum
    .
    Short-term Shanghai aluminum may fluctuate in the range of 13800-14200 yuan, focusing on the pressure
    of 14200 yuan.

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