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    Home > Chemicals Industry > New Chemical Materials > April 26 Shanghai aluminum brief comment

    April 26 Shanghai aluminum brief comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's non-ferrous metals rose again across the board, Shanghai aluminum rose to a new high again, as of the close of 3 pm, Shanghai aluminum main 2106 contract closed up at 18360, up 105, or 0.
    58%.

    At present, the overall trend of non-ferrous metals tends to be good, and the market is still optimistic about the future market; In addition, with the continuous recovery of consumption in the peak season, demand has increased sharply; In general, before the long funds have not left the market, aluminum prices may continue to run at a high level, and the main force of Shanghai aluminum can pay attention to the range of 1.
    82-18,500 ranges, and the operation is recommended to still be based on on-demand replenishment, and it is expected that tomorrow's spot aluminum volatility will be stable
    .

    Shanghai aluminum

    Last week, aluminum ingots maintained a stable destocking situation, with inventories falling by 4.
    3 to 1.
    14 million tons from last week, and the new high aluminum price made the downstream mainly based on rigid demand, but also verified the strong
    demand in the peak season.
    The operating rate of processing enterprises remained stable overall, and the reduction in automobile production affected the subsequent start of primary alloys, while the two main sectors of profiles and strip foil continued to maintain good starts, but it is necessary to continuously monitor the new
    orders.

    Customs data showed that the import volume of primary aluminum in March was 88,000 tons, a significant increase year-on-year and month-on-month, but still lower than market expectations, and it is expected that imports in April will be difficult to exceed this level
    .
    The recent destocking performance shows that the peak season is just in good demand, although the supply has increased, but it is difficult to change the situation of destocking, and the downstream new orders can still be maintained in the short term, and it is necessary to pay attention to the new situation
    in May and beyond.
    In addition, supply-side concerns persisted, and prices were strongly supported, maintaining a strong volatility
    .

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