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    Home > Chemicals Industry > New Chemical Materials > February 6 Shanghai aluminum morning review

    February 6 Shanghai aluminum morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum 1804 contract opened at 14405 yuan / ton, after the opening of aluminum price weak down to touch 14340 yuan / ton, then flat more into Shanghai aluminum volume rose sharply to touch 14485 yuan / ton, the end of the session short more exit, Shanghai aluminum gave up part of the rise closed at 14415 yuan / ton, it is expected that today's Shanghai aluminum 1804 contract above the pressure 5-day moving average and 14500 yuan / ton integer mark oscillation running at 14250 ~ 14450 yuan / ton, spot discount to maintain 140 ~ 100 yuan / ton

    Shanghai aluminum

    In terms of the market, on the same day, SMM A00# aluminum spot price was 14120 yuan / ton, down 90 yuan / ton from the previous day, and 120 yuan / ton discount compared with the near-month contract.

    Near the Spring Festival, aluminum market supply and demand is still weak, as downstream processing enterprises begin to take holidays, domestic electrolytic aluminum inventory will be seasonally accumulated, year-on-year cumulative range in the past few years, social inventory will reach more than 2 million tons, the future market aluminum price suppression is more obvious
    .
    In addition, Weiqiao will reduce the purchase price of pre-baked anodes in the near future, and the cost side will continue to decline
    .
    It is expected that the aluminum price will remain weak after the year, and it is recommended to be short-term in operation
    .

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