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    Home > Chemicals Industry > New Chemical Materials > Inventories are still at low levels Short-term aluminum prices remain high

    Inventories are still at low levels Short-term aluminum prices remain high

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2011 contract opened at 14490 yuan / ton, the highest intraday 14600 yuan / ton, the lowest 14430 yuan / ton, settled 14490 yuan / ton, and closed at 14595 yuan / ton, up 195 yuan
    .
    Today's Shanghai aluminum continues to be strong, the current inventory is still at a low level, pay attention to the consumption level of the peak season, and the release of electrolytic aluminum, short-term aluminum prices remain high
    .

    Aluminum prices

    Today's London aluminum volatility is strong, LME three-month aluminum Beijing time at 15:10 at 1851 US dollars / ton, up 4 US dollars, or 0.
    22%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 14930-14970 yuan / ton, up 100 yuan; Guangdong South Reserve reported 14790-14850 yuan / ton, up 30 yuan; Hua reported 15030-15050 yuan / ton, up 90 yuan
    .
    The market is dominated by low-price shipments, the enthusiasm of large households to receive goods is general, the downstream just needs to purchase, and the trading performance is flat
    .

    Industry news: Hydro's Paragominas bauxite mine repair work has been completed, and its production at the Alunorte alumina refinery in Brazil will recover
    .
    Previously, on August 18, Hydro announced that maintenance will affect the production reduction of the Alunorte alumina plant, which is expected to reach 35%~45%
    of the total annual production capacity.
    According to official figures, the plant has an annual capacity of 6.
    3 million tons
    .

    Aluminum prices rose
    slightly on Friday night.
    Aluminum ingot inventories have recently turned down to support prices, and supply and demand are expected to remain tight
    overall with the arrival of the peak season.
    On the spot front, spot basis has recently rebounded, with expectations of demand recovery and concerns about low inventory levels
    .
    With the arrival of the peak season, supply and demand are expected to remain tight
    overall.
    At present, the commodity is generally pullback, and it is expected to rise in the future, and it is recommended to take advantage of the dip
    .

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