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    Home > Chemicals Industry > New Chemical Materials > Overseas demand recovery is slow, Shanghai aluminum fluctuates in a narrow range

    Overseas demand recovery is slow, Shanghai aluminum fluctuates in a narrow range

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Friday, the main monthly 2008 contract of Shanghai aluminum opened at 13965 yuan / ton, the highest intraday was 14075 yuan / ton, the lowest was 13935 yuan / ton, the settlement was 13995 yuan / ton, and the end closed at 14055 yuan / ton, up 75 yuan
    .
    Shanghai aluminum narrow range fluctuations within the day, aluminum processing industry recession or will continue, overseas demand recovery is slow, aluminum prices there is a possibility
    of correction.

    Shanghai aluminum

    In the external market, Lun aluminum showed a weak trend, and the LME three-month aluminum was reported at 1621.
    5 US dollars / ton at 15:00 Beijing time, down 2.
    5 US dollars, or 0.
    15%,
    from the settlement price of the previous trading day.

    In terms of the market, the spot trading price of Yangtze River during the day was 14390-14430 yuan / ton, down 10 yuan; Guangdong South Reserve reported 14430-14490 yuan / ton, down 10 yuan; Hua reported 14510-14530 yuan / ton, flat
    .
    Holders actively ship, large households do not purchase much, there is a demand for stocking downstream, and the overall transaction is acceptable
    .

    Industry news, it is reported that the introduction of copper and aluminum import monitoring systems in the Indian mining sector has made new progress, pending the approval
    of India's Directorate General of Foreign Trade (DGFT).
    According to the HS code of Chapter 76 of the Indian Trade Act, India will monitor
    43 imported aluminum products and 47 imported copper products.
    These 43 imported aluminium products account for 99.
    08%
    of the total value of India's imported aluminium products.

    Chinalco said on Thursday it would implement "flexible production" on three alumina lines, a term used to refer to reduced production that accounts for about
    10 percent of its total capacity.
    The three production lines are located in Shanxi Huaxing and Shanxi New Materials, subsidiaries in China's Shanxi Province, with a total capacity of 1.
    8 million tons/year
    .

    Domestic alumina prices rose to 2287 yuan / ton, and spot smelting profits further expanded
    .
    Chalco announced that about 1.
    8 million tons of alumina plants will be flexibly produced, resulting in higher demand for alumina prices
    .
    In addition, the social inventory of the five places on Thursday fell by 01,000 tons
    from Monday.
    This week, the downward trend of social inventory basically stopped, but the existence of high back under low inventory led to the loss of short orders, and it is still judged that it has begun to enter the accumulation stage, and the pattern of high volatility is recommended to wait and see
    .

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