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    Home > Chemicals Industry > New Chemical Materials > April 11 Shanghai aluminum brief comment

    April 11 Shanghai aluminum brief comment

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Friday, the Shanghai aluminum main company 2006 contract opened at 11665 yuan / ton
    in the morning.
    Boosted by the optimistic results of overnight crude oil negotiations, Shanghai aluminum rose at the open, more into the short flat, and finally closed at 11845 yuan / ton, up 190 yuan / ton from the previous day's close, an increase of 1.
    63%, the position increased by 225 lots to 138,000 lots, and the trading volume increased by 15184 lots to 87611 lots, mainly
    long positions.
    Aluminum downstream domestic trade demand slowly improved, coupled with macro news positive sentiment, short-term Shanghai aluminum plate performance rose slightly
    .
    It is necessary to continue to pay attention to the release of macro news and changes in the demand side of electrolytic aluminum
    .

    Shanghai aluminum

    In terms of the market, the spot trading price of Yangtze River was 11720-11760 yuan / ton, up 130 yuan; Guangdong South Reserve reported 11720-11780 yuan / ton, up 120 yuan; Hua reported 11820-11840 yuan / ton, up 120 yuan; The average domestic spot transaction price is between
    11700-12100 yuan / ton.
    Cargo holders are actively shipped, middlemen are actively trading, traders have good overall transactions, and downstream goods are stocked on demand near the weekend
    .

    This week, the overseas epidemic continued to ferment, the continuous growth of aluminum stocks in the LME market made Lun aluminum weak, and the domestic social inventory began to degrade, and the aluminum showed a pattern of internal strength and external weakness, and the price rebound was weak
    in the context of the collective rebound of non-ferrous metals.
    At present, overseas aluminum demand is shrinking, domestic aluminum products downstream exports are facing challenges, and domestic aluminum enterprises reduce production scale is relatively limited, will not reverse the pattern of supply and demand, alumina prices fell to around 2200 yuan / ton to narrow the loss of aluminum enterprises, short-term fundamentals are difficult to improve
    .

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