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    Home > Chemicals Industry > New Chemical Materials > February 16 Shanghai aluminum brief comment

    February 16 Shanghai aluminum brief comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum intraday volatility to the upside, the main 2203 contract intraday volatility upward, as of the close at 22615, up 45 from the previous trading day, up 0.
    2%.

    Shanghai aluminum

    In terms of inventory, the weekly accumulation of aluminum ingots was 45,000 tons to 994,000 tons, and Wuxi, Gongyi, Nanhai and other places contributed the main increase
    .
    The fermentation of the epidemic in Bose has caused greater concern in the market, because Guangxi's production capacity is relatively concentrated, Bose accounts for 81.
    5% of the production capacity in the province, and there is uncertainty in the duration of the epidemic, the traffic control in the province has been upgraded, and the interregional transportation hinders the stocking of raw materials for electrolytic aluminum plants, and the current shutdown of 420,000 tons may continue to expand
    in the future 。 Coinciding with the overlapping heating season in the north and south of the dry period and the environmental protection requirements of the Winter Olympics, the impact on electrolytic aluminum is minimal, the impact on alumina enterprises is large, the cost of alumina raw materials has expanded recently, but the overall profit margin of electrolytic aluminum is still relatively abundant, Shandong, Henan, Shanxi alumina production reduction called the aluminum plant to appear stocking pressure
    .

    At the beginning of the year, the social library of aluminum ingots was low, and the accumulation of aluminum rods increased more than that of aluminum ingots
    .
    With the increase in the proportion of ingots cast by domestic aluminum plants, domestic aluminum ingot stocks are expected to increase to 1.
    1 million tons by the end of February.

    Nearly the market spot circulation is tight, aluminum prices may remain high, a new round of dual control of energy consumption and overseas liquidity contraction under the March node or give aluminum a certain negative factor, still need follow-up resumption of work and inventory situation to corroborate
    .

    At present, most aluminum enterprises in Baise City, Guangxi have resumed normal production, and the current coal reserves in the city have reached 450,000 tons, which can be used for 14 days of continuous production by enterprises; Coupled with the easing of the situation in Russia and Ukraine, the supply-side speculation is difficult to sustain, the momentum of aluminum prices is insufficient, and the short-term is expected to fall into range shocks, and Shanghai aluminum mainly focuses on 22300-22800
    .

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