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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices stop rising and pullback, weak demand inhibits the price upward

    Aluminum prices stop rising and pullback, weak demand inhibits the price upward

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Thursday's Shanghai aluminum main monthly 2205 contract, opening 21835 yuan / ton, the highest intraday 21895 yuan / ton, the lowest 21720 yuan / ton, settlement 22065 yuan / ton, the end closed at 21800 yuan / ton, down 265 yuan, down 1.
    20%.

    Shanghai aluminum

    In terms of external trading, Lun aluminum fluctuated sharply, and the LME was reported at 3250 US dollars / ton at 15:01 Beijing time for three months, down 5 US dollars, or 0.
    15%,
    from the settlement price of the previous trading day.

    In terms of the market, the spot trading price of Yangtze River was 21730-21770 yuan / ton, down 270 yuan, and the discount was 70-30; Guangdong South Reserve reported 21820-21880 yuan / ton, down 300 yuan; Hua reported 21780-21820 yuan / ton, down 280 yuan
    .
    Spot market holders continue to adjust prices and shipments, and the willingness of receivers to purchase is still sluggish, and the trading situation is not good
    .

    Aluminum prices stopped rising and pulled, the overall market situation has improved, prices have fallen, downstream bargain entry into the market procurement, receivers at first wait and see and then turn to enter, holders still maintain a strong price shipment, but the subjective sentiment is pessimistic, the low price transaction is acceptable, and the overall transaction is not good
    .

    On the supply side, the outbreak of the epidemic in many places in China, some traffic is not smooth, and the shipment speed of aluminum plants has been affected to a certain extent; The resumption of production and work of the aluminum plant continued, and the output increased
    .
    In terms of demand, the downstream and terminal operating rates are not high, the demand is not as expected, and traders are not willing to stock up at a price of more than 22,000
    .

    In terms of inventory, electrolytic aluminum shipments were not much last week, although they increased month-on-month, but lower than the same period last year, and inventories in major markets showed a slight increase
    .

    The short-term trend of Shanghai aluminum is weak, the United States is hawkish to boost interest rate hike expectations, the domestic development and reform commission pointed out that it is necessary to strengthen market supervision and ensure supply and price stability, combat bullish sentiment, and electrolytic aluminum production capacity continues to rise, superimposed on weak demand to inhibit the upward trend of aluminum prices, short-term aluminum prices stop rising and pullback
    .

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