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    Home > Chemicals Industry > New Chemical Materials > Bottom support still exists Aluminum prices may rise in the second quarter

    Bottom support still exists Aluminum prices may rise in the second quarter

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The main contract of Shanghai aluminum opened at 14440 yuan / ton in the morning, after the opening of the more flat short, aluminum prices under pressure shock leakage, the low touched 14300 yuan / ton, but in the afternoon in the strong upward exploration of Lun aluminum boosted, Shanghai aluminum repair part of the decline closed at 14375 yuan / ton, Shanghai aluminum index position increased by 24614 hands to 808920 lots, overnight long positions increased
    .
    In the short term, under the continuous fermentation of the Rusal incident, there is still room for Shanghai Aluminum to follow the passive upward exploration of the external disk, and it can open a short term operation with a light position, and pay attention to the integer mark of 14,500 yuan / ton above, but the medium-term fundamental pressure also objectively exists
    .

    Aluminum prices

    In terms of the external market, in the morning, Lun aluminum opened at 2207 US dollars / ton, the Asian market before the afternoon Lun aluminum trend is light, around the daily average of 2207 US dollars / ton a narrow range of shock, afternoon more single participation significantly increased, Rusal incident continued to ferment, into the European trading session Lun aluminum continued to test the mode, the high touched 2275 US dollars / ton, as of 18:15, Lun aluminum reported 2269.
    5 US dollars / ton, short-term in the Russian aluminum event stimulated, Lun aluminum has been five consecutive Yang, refresh the high at the end of 2017, Lun aluminum maintained a strong position, Continue to pay attention to relevant reports and news, and the next target is 2300 US dollars / ton
    .

    In terms of spot, the Shanghai transaction concentration before noon was 14200~14230 yuan / ton, the discount for the current month was 70~60 yuan / ton, and the discount for the next month was 40~30 yuan / ton
    .
    Wuxi transaction concentration is 14200~14230 yuan / ton, Hangzhou transaction concentration is 14210~14230 yuan / ton
    .
    Holders of goods in the early stage of shipment strength is higher, but as the plate stabilizes, a slight rebound, the holder began to reduce shipments, spot discount narrowed, resulting in a decline in the intensity of middlemen receiving goods, downstream enterprises to high price rejection is higher, only according to just need to purchase, the overall transaction fell compared with yesterday
    .
    In the late afternoon, aluminum fluctuated greatly in the month, and the transaction price in East China was 14200~14250 yuan / ton
    .

    In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 839555 tons, an increase of 14,608 tons
    from the previous trading day.
    As of April 10, LME aluminium ingot stocks were 1254215 tonnes, down 6,775 tonnes
    from the previous session.

    Industry Information:

    According to statistics, the operating rate of the recycled aluminum industry in March rose sharply to about 61% month-on-month, but there is still a big gap
    from 65% in January.
    And according to the feedback of recycled aluminum companies, downstream demand is still relatively weak, and it is expected that the industry operating rate will continue to decline
    slightly in April.

    Around the Qingming Festival, the environmental pressure in Shandong and Henan weakened, fluorine chemical enterprises generally resumed production, the supply was sufficient for a time, and the inventory of production enterprises was large, and the price of aluminum fluoride fell sharply, from the previous 12,000 yuan / ton to around
    10,000 yuan / ton.
    Correspondingly, the demand for fluorite decreased, the supply tension eased, and the price fell to around
    2700 yuan / ton.
    It is expected that the price of electrolytic aluminum auxiliary materials will continue to fall.

    Looking forward to the future market, the commodity market in the second quarter focused on global trade disputes, Sino-US industrial policies and geopolitical impact, non-ferrous metal investors are trying to track the trend of the above core factors, from the dynamic impact of various varieties of industrial policies, the external environment is becoming more complex and changeable, and the opening of the window for the introduction of central policies and the arrival of the traditional peak season of industrial products in the second quarter, forming a solid bottom support for non-ferrous metals, and the overall judgment of the recovery of the shock in the second quarter
    .

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