echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > April 8 Shanghai aluminum afternoon commentary

    April 8 Shanghai aluminum afternoon commentary

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Shanghai aluminum continued to fluctuate overnight, and the inventory of aluminum ingots and aluminum rods fell slightly after the holiday, and the spot maintained a discount of about 30 yuan
    .
    The domestic electrolytic aluminum operating capacity is stable, and the new production capacity is less
    in the short term.
    Downstream manufacturers on the demand side generally have sufficient orders, and consumption in peak season is optimistic, but possible storage dumping and early imports will disrupt destocking
    .
    The short-term contradiction between Shanghai aluminum supply and demand is not prominent, and it is expected to still fluctuate
    in the near operating range.

    Shanghai aluminum

    In terms of fundamentals, the future supply side is expected to remain strong under high profits, but the closure of the import window or the impact on the later import volume can also be seen that the current aluminum price is in a pattern of strong outside and weak inside; In terms of demand, high-priced aluminum still has a certain restrictive effect on the downstream, downstream procurement is still more cautious, which is compared with last year lack of willingness to stock up, at this time investors should pay more attention to the change of social inventory, the current many investors hope to go to the warehouse to verify the strong demand
    .

    The fundamentals are in a stage where expectations diverge from the present, and the downstream performance has not exceeded expectations, but the downstream is also wrapped up in the market when the peak season comes, and there is a situation
    where it has to be purchased at a high price.
    Recently communicated with some market participants and found that the market sentiment is still high, nonferrous aluminum is considered to be a strong variety in supply and demand, and the later period can still look at the first line, the current capital and entity this game, aluminum prices or enter a wide range of shock finishing stage
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.