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    Home > Chemicals Industry > New Chemical Materials > December 16 Shanghai aluminum noon comment

    December 16 Shanghai aluminum noon comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    The trend of non-ferrous metals in the overnight futures market was differentiated, and Shanghai aluminum rebounded mainly and maintained range fluctuations
    overall.
    Today's aluminum price volatility is strong, the last period of Shanghai aluminum main night trading high 19000, the lowest 18870, the final close at 18935
    .

    Shanghai aluminum

    In terms of inventory, as of December 13, China's electrolytic aluminum social inventory of 919,000 tons, down 31,000 tons from last Thursday (December 9), compared with 604,000 tons in the same period last year, in terms of regions, except for the increase in inventory in Ningbo, other regions inventory are mainly declining and stable, among which, Wuxi, Foshan inventory fell significantly, Shanghai, Hangzhou, Gongyi, Linyi area inventory fell slightly, the rest of the area inventory remained stable
    .

    Affected by the power shortage and the dual-control policy of energy consumption, the supply side of Shanghai aluminum continues to increase production restrictions, and the new production capacity may be hopeless within the year, and it is difficult to recover the suspended production capacity; Although the demand side has a certain impact on downstream aluminum processing enterprises, compared with the long recovery period of the supply side, aluminum processing is expected to recover quickly and boost aluminum demand
    .

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