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    Home > Chemicals Industry > New Chemical Materials > Domestic inventories dematerialized relatively quickly, and supply concerns boosted the upward movement of Shanghai aluminum

    Domestic inventories dematerialized relatively quickly, and supply concerns boosted the upward movement of Shanghai aluminum

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2202 contract, opening 21225 yuan / ton, the highest intraday 21600 yuan / ton, the lowest 21120 yuan / ton, settlement 21390 yuan / ton, the end closed at 21495 yuan / ton, up 415 yuan, up 1.
    97%; The trading volume of the main 2202 contract of Shanghai aluminum increased by 16,349 lots 245126 lots throughout the day, and the position volume of 192678 lots increased by 1,729 lots
    .
    Today, Shanghai aluminum is still running strongly after the power outage resumed, Russia has suspended the transmission of natural gas to Europe, energy prices have risen again, overseas aluminum production capacity has decreased continued to ferment, coupled with the domestic aluminum ingot social library continues to destock, supply concerns have boosted aluminum prices
    .

    Shanghai aluminum

    Today, the LME was interrupted by a power outage, and after the return to normal, Lun Aluminum ran strongly, and the LME reported at $2956 / ton at 15:01 Beijing time for three months, up $23, or 0.
    78%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 21600-21640 yuan / ton, up 390 yuan; Guangdong South Reserve reported 21610-21670 yuan / ton, up 450 yuan; Hua reported 21640-21680 yuan / ton, up 390 yuan
    .
    Domestic aluminum plants accelerated the resumption of production, but the short-term increment is limited, approaching the Spring Festival, the downstream market has entered the consumption off-season, the inquiry and procurement are mainly based on rigid demand, and the spot transaction performance is average
    .

    In terms of news, the 14th Five-Year Plan of Yunnan Province requires accelerating the promotion of electrolytic aluminum projects under construction to be put into operation as soon as possible to meet the standard; Guangxi encouraged electrolytic aluminum enterprises to accelerate the resumption of production in the first quarter, Guizhou limited power production capacity to start resumption of production, and domestic electrolytic aluminum entered the stage
    of resumption of production.
    East China spot premium is strong, inventory dematerialization is relatively fast, the month is relatively high, there is a certain pressure of long squeeze
    .
    At present, the soaring cost of electricity has led to a significant decline in European aluminum production, coupled with the continuous destocking of domestic aluminum ingot social inventory, which has a certain boost to aluminum prices, and aluminum may continue to rise
    .

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