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    Home > Chemicals Industry > New Chemical Materials > Analysis of LME aluminium inventories in the previous period in the first quarter of 2016

    Analysis of LME aluminium inventories in the previous period in the first quarter of 2016

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    At the beginning of 2016 (January 4), the London Futures Exchange aluminum ingot inventory was 2889550 tons, and as of April 1, it fell by 106,500 tons to 2783050 tons, a decline of 3.
    83%.

    At the beginning of 2016 (January 4), the inventory of aluminum ingots on the Shanghai Futures Exchange was 200,370 tons, and as of April 1, it rose 126,040 tons to 326,410 tons, an increase of 38.
    61%.

    In the first quarter of 2016, LME aluminum ingot inventories continued to rise and fall, showing an overall downward trend
    .
    From January to mid-February, due to the Spring Festival factor, the market was tight and stocked, so LME aluminum stocks continued to decline
    .
    In early March, Lun aluminum inventory increased significantly, mainly because the domestic Spring Festival just passed, manufacturers have not yet fully started, resulting in a succession of market supplies, Lun aluminum fell, once fell below the lowest
    at the beginning of the year.
    The overall downward trend of LME aluminum inventories is regarded as the release of aluminum supply from financing transactions, resulting in a downward trend in aluminum inventories, and these inventories continue to flow into the market, which has dealt a certain blow
    to aluminum prices in the case of loose demand.

    In the first quarter of 2016, the inventory of the Shanghai Futures Exchange showed an overall upward trend
    .
    At the beginning of this year, the aluminum inventory in the previous period continued to decrease with the performance of Lun aluminum inventory, coupled with the increase in stocking before the Spring Festival, which led to a continuous decline
    in inventory.
    However, after the holiday, manufacturers have started work one after another, aluminum ingot inventory has arrived again, aluminum inventory has suddenly increased, causing a certain impact on the aluminum market, making it difficult for aluminum prices to rise, but due to the continuous news of production reduction and storage, the trend of aluminum prices is more obvious
    .

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