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    Home > Chemicals Industry > New Chemical Materials > November 26 Shanghai aluminum noon comment

    November 26 Shanghai aluminum noon comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Shanghai aluminum fell back overnight, and the resistance at the front high failed to break through
    .
    Electrolytic aluminum operating capacity may further decline, consumption slightly rebounded, this week aluminum ingot aluminum rod social inventory fell by a total of 40,000 tons, in the state of continuous closure of the import window, the year-end inventory has room to decline but will still be significantly higher than the past two years, spot is loose
    .
    The short-term aluminum market contradiction is not strong, and it is still treated
    as a shock.

    Shanghai aluminum

    On the macro front, the regulator's window guides banks to relax real estate credit, meet the reasonable capital needs of developers, and promote a stable and virtuous cycle in real estate; The Fed minutes revised up US inflation expectations
    .

    In terms of fundamentals, demand is more pessimistic
    in the off-season cycle due to the continued decline in real estate data and the lack of core in automobiles, insufficient recovery in consumption and approaching the off-season cycle, and cost collapse concerns caused by coal regulation.
    Due to the short-circuit explosion accident of the Wenshan aluminum plant in Yunnan, the production line was all stopped, or the production capacity of 330,000 tons in the next quarter was affected; Guangxi, Chongqing and Qinghai regions have successively reported production cuts
    .
    The pressure of energy consumption in various places in winter has become the focus of market attention, and the short-term supply reduction has given some support to aluminum prices, and it is still necessary to pay attention to the subsequent demand reduction to suppress prices
    .

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