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    Home > Chemicals Industry > New Chemical Materials > Downstream consumption margin improved Shanghai aluminum downward momentum may weaken

    Downstream consumption margin improved Shanghai aluminum downward momentum may weaken

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2112 contract, opening 20275 yuan / ton, the highest intraday 20355 yuan / ton, the lowest 19680 yuan / ton, settlement 20105 yuan / ton, the end of the close to 19780 yuan / ton, down 325 yuan
    .
    Today's Shanghai aluminum trend first rose and then suppressed, the recent overall domestic consumption tends to ease, aluminum production continues to decline, but inventories are still accumulating, the support for aluminum prices is not strong, superimposed on domestic policy pressure is not reduced, coal prices fell again dragged down aluminum prices
    .

    Shanghai aluminum

    Today's Lun aluminum shock fell, LME three-month Beijing time at 15:01 at 2663 US dollars / ton, down 23 US dollars, or 0.
    86%
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 19930-19970 yuan / ton, up 130 yuan; Guangdong South Reserve reported 20030-20090 yuan / ton, up 180 yuan; China reported 19980-20020 yuan / ton, up 140 yuan
    .
    The cargo holder actively clears the goods at a low price, the receiver replenishes the goods at the low, the transaction is not good, and the transaction is average
    .

    In terms of news, Shanxi began to implement the peak power consumption policy, local electrolytic aluminum enterprises are expected to reduce production, Guizhou electrolytic aluminum enterprises are expected to continue to reduce production, and the supply side continues to be limited
    .
    In the downstream, the current power cuts and production restrictions in some areas have eased, and with the sharp correction in aluminum prices, the weekly operating rate of profile and cable companies has rebounded
    .
    On the whole, with the marginal improvement of downstream consumption, and the subsequent electrolytic aluminum plant is still expected to reduce production, the recent downward momentum has weakened, Shanghai aluminum mainly operates in the range of 19,000-21,000 yuan / ton, and the trend momentum is weak
    in the short term.

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