echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 21 Shanghai aluminum afternoon comment

    June 21 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The main contract of Shanghai aluminum closed down on Friday night, the dollar index rebounded sharply, and Lun aluminum is now running at $2385 / ton
    .
    The State Reserve Bureau will release national reserves such as copper, aluminum and zinc in batches in the near future for non-ferrous metal processing and manufacturing enterprises
    .
    Yunnan issued a notice that it will gradually increase the electricity load
    of the smelting industry.
    In addition, the environmental protection inspection team recently entered Guizhou, a certain electrolytic aluminum plant in Guizhou exceeded the standard, planned to reduce the production capacity of 100,000 tons, gradually stopped from June 20, and completed
    before June 30.

    Shanghai aluminum

    In the industry, on June 17, the domestic electrolytic aluminum social inventory was 883,000 tons, a decrease of 04,000 tons
    from the previous value.
    On the supply side, the current supply pressure of electrolytic aluminum in China has been delayed under the influence of the dual carbon policy and the peak period of summer electricity consumption, and the overall supply-side release is still relatively limited
    .
    On the demand side, the current demand side continues to improve, and the accelerated issuance of new local special bonds in the second quarter may drive infrastructure investment, and the real estate industry is in the completion cycle, driving the profile market
    .
    Follow-up continues to pay attention to the impact of industrial power rationing and high temperature weather on aluminum downstream processing enterprises
    .

    In terms of inventory, the social inventory of aluminum ingots continued to decline in May, and despite the increased pressure on the policy side, supply disruptions continued, demand remained strong, and aluminum prices were still supported
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.