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    Home > Chemicals Industry > New Chemical Materials > Fundamentals are mixed, and Shanghai aluminum has strong intraday shocks

    Fundamentals are mixed, and Shanghai aluminum has strong intraday shocks

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2107 contract, opening 18450 yuan / ton, the highest intraday 18640 yuan / ton, the lowest 18360 yuan / ton, settlement 18375 yuan / ton, the end of the close to 18440 yuan / ton, up 65 yuan
    .
    Today's Shanghai aluminum shock is strong, due to strict control of environmental protection and the implementation of the dual carbon policy, the operating capacity and start of electrolytic aluminum in Yunnan and other places have fluctuated, and the supply pressure has been delayed during the peak period of summer electricity consumption and the influence of the dual carbon policy
    .

    Shanghai aluminum

    Today's Lun aluminum low volatility, LME three-month Beijing time at 15:02 at 2448 US dollars / ton, down 4 US dollars, or 0.
    16%
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18490-18530 yuan / ton, up 130 yuan; Guangdong South Reserve reported 18680-18740 yuan / ton, up 110 yuan; Hua reported 18540-18580 yuan / ton, up 120 yuan
    .
    The market atmosphere is quiet, the downstream wait-and-see mood is still strong, and the transaction is light
    .

    The fundamentals are mixed, although the environmental protection inspection team has recently entered Guizhou, and the local electrolytic aluminum plant is expected to stop production of 100,000 tons of capacity, but the impact of power cuts in Yunnan is fading with the arrival of the rainy season, and the consumer side is currently at the end of the traditional peak season, and there is still a need to replenish the downstream
    warehouse.
    In terms of price, the current macro and capital face the impact of aluminum prices is obviously greater, while the fundamentals still support the price, aluminum prices fluctuate widely, and unilateral short-term recommendations are mainly
    wait-and-see.
    In the long run, for a long time in the future, various news of carbon neutrality and production restrictions may still form a pulse rise in aluminum prices
    .

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