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    Home > Chemicals Industry > New Chemical Materials > October 19 aluminum market noon comment

    October 19 aluminum market noon comment

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: U.
    S.
    oil fell more than a two-week low, overnight Lun aluminum weak closed down 2.
    85%; Rusal's delivery restrictions have reignited supply-side concerns, but LME aluminum inventories continue to explode, highlighting the cold market consumption, and aluminum is expected to fall
    slightly.

    Aluminum City

    Regional silent diffusion and its resulting logistics impact, supply and consumption have been suppressed to a certain extent, coupled with peripheral pessimism continues to escalate, aluminum inventories accumulate slightly, short-term prices weaken
    .
    Domestically, Yunnan Province continues to face a shortage of water, which in turn leads to a shortage of electricity consumption in the region, Yunnan aluminum enterprises reduce production to maintain, demand-side stable economic policies continue to be introduced, and inventory is expected to remain degraded
    .

    Supply side: If Yunnan's production cuts land, daily production in October is expected to be flat or slightly down
    month-on-month.
    Consumption: Downstream orders are expected to improve
    in October.
    In the medium and long term, overseas liquidity is tightening, domestic real estate demand is expected to be pessimistic, and the space above aluminum prices is relatively limited
    .

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