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    Home > Chemicals Industry > New Chemical Materials > December 31 Shanghai aluminum brief comment

    December 31 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2202 contract of Shanghai aluminum closed up at 20380, up 110, or 0.
    54%; Intraday aluminum prices continued to fluctuate, the trend is that the upward impulse energy is obviously insufficient, and it is expected that the subsequent rally may be difficult to maintain
    .

    Shanghai aluminum

    Affected by the European energy problem, overseas supply has once again been reduced and stopped, the electrolytic aluminum industry has reduced carbon emissions by 5% during the 14th Five-Year Plan period, and the social treasury has continued to destock, many factors have boosted aluminum prices
    .
    Alcoa plans to suspend primary aluminum production for two years at its Spanish plant, the second-largest in Europe with a capacity of 228,000 tons
    , due to soaring energy prices in Europe.
    Hydro's aluminum plant in Slovakia will further reduce production to about 60%, with an annual capacity of 175,000 tons, which will be reduced to 100,000 tons per year
    .

    Fundamentally, the downstream consumption at the end of the year is weak, but the market is optimistic about consumption in the next year, coupled with the "14th Five-Year Plan" and the "dual control of energy consumption" policy will continue to hinder the capacity growth of the supply side, the tight supply and demand situation may be maintained for a long time, overall, the short-term high of aluminum prices will continue, but the space for continued growth has been limited, and Shanghai aluminum short-term can pay attention to 2-20,500 fluctuations
    .

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