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    Home > Chemicals Industry > New Chemical Materials > December 24 Shanghai aluminum brief comment

    December 24 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract fluctuated in a wide range above 20,000, closing at 20185 at the end of the day, down 80 yuan, or 0.
    39%,
    from the previous trading day.

    Shanghai aluminum

    In terms of news, according to information statistics, Europe's largest aluminum smelter Dunkirk Aluminum Company of France has reduced production by about 3% due to soaring electricity prices, German primary aluminum producer Trimet has reduced production by about 70,000 tons due to high electricity prices, and Montenegro's KAP aluminum plant (annual capacity of 120,000 tons) may face the risk
    of shutdown due to high energy prices.

    The continuous decline in electrolytic aluminum inventories has supported the price, and the short-term expectation that Shanghai aluminum has little room to fall, still dominated by high volatility market, and the follow-up needs to continue to pay attention to Europe due to energy problems, electrolytic aluminum enterprises to reduce production and further develop
    .
    If the macro impact gradually fades, the aluminum price will stabilize in the stable range of 1.
    92-20,000 fluctuations, and it is recommended to ship appropriately at the high level, and it is expected that the spot aluminum shock next week will be stable
    .

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