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    Home > Chemicals Industry > New Chemical Materials > Inventories continue to degrade Aluminum prices will remain volatile

    Inventories continue to degrade Aluminum prices will remain volatile

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Before the holiday, under the strong recovery of overseas economy and macro optimism, aluminum prices continued to rise to break through new highs and stand firm at the 18,000 line, and Lun aluminum also performed strongly, although there was a certain degree of delivery, but the performance was firm
    .

    Aluminum prices

    April overall domestic demand is strong, in such a high aluminum price just need to drive the performance of destocking, construction and power orders recovery and home appliances, packaging, rail transit and other sectors continue to be good orders are the main driving force, but the automotive sector due to the lack of core production reduction does affect related consumption, the current feedback May orders can still be maintained, peak season consumption is sustainable
    .

    On the supply side, Inner Mongolia's production cuts are likely to continue in the second quarter, but without further interference, new and resumed production will make supply show an upward trend
    again.

    For the current trend of aluminum prices, the continued bullish psychology is still more obvious, but the cautious mentality is more obvious with the continuous rise of aluminum prices, especially in the case of continuous warning at the top level, and the regulatory risk at the policy level has become one of the important factors of the
    current market uncertainty risk.

    On the whole, macro maintains a good environment conducive to nonferrous metals, domestic supply and demand both sides of the performance are strong, inventories continue to degrade, while the background of carbon neutrality continues to provide strong support, aluminum prices will maintain a strong volatility
    .

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