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    Home > Chemicals Industry > New Chemical Materials > November 17 Shanghai aluminum afternoon comment

    November 17 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Monday night, most of the international commodities rose, Lun aluminum futures closed at 1953 US dollars / ton, up 0.
    96%, domestic copper and aluminum futures fell slightly overnight, Shanghai aluminum futures Al 2012 reported 15355 yuan / ton, down 0.
    74%.

    Shanghai aluminum

    In terms of stocks, LME aluminum ingot stocks decreased by 0.
    09 million tons to 1.
    4138 million tons
    on November 16.
    According to my nonferrous metals, on November 16, the domestic social stock of aluminum ingots decreased by 10,000 tons from Thursday to 617,000 tons
    .

    The supply side of electrolytic aluminum has maintained a steady rise, smelter profits have remained high, the biggest change in the domestic supply side is the import of scrap aluminum to be confirmed, the increase in scrap aluminum imports in November is a high probability event, the excess pressure of aluminum ingots will further increase, and the pressure on the supply side in the fourth quarter is greater than the previous period
    .
    However, the inventory has never shown an inflection point, yesterday aluminum ingots went to storage again, coupled with the short-term winter heating season production reduction expectations still boosted aluminum prices, electrolytic aluminum high slightly downward adjustment, short-term is expected to be consumer side is still strong, overall aluminum prices are expected to maintain a high shock pattern
    .

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