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    Home > Chemicals Industry > New Chemical Materials > Seeking the end is still performing well Aluminum prices fluctuate slightly to the upside

    Seeking the end is still performing well Aluminum prices fluctuate slightly to the upside

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai aluminum main 1907 contract opened at 14285 yuan / ton in the morning, affected by the fire news of the Yongcheng electrolytic aluminum plant under Henan Shenhuo, after the opening of the long position increased by more than 3,000 lots, Shanghai aluminum rushed up 14340 yuan / ton, and then the bears entered at a high level, and the aluminum price gave up its gains, reaching a low of 14270 yuan / ton within the day; In the afternoon, the bears reduced their positions, and Shanghai aluminum turned around and swung upward, finally closing at 14310 yuan / ton, up 70 yuan / ton, or 0.
    49%.

    Aluminum prices

    During the day, the UK is closed for the spring bank holiday
    .

    In the spot market, aluminum futures opened the month with a narrow range of fluctuations, and the second trading stage sank
    slightly.
    In the morning, the Shanghai trading price was around 14340-14350 yuan / ton, with the fall of aluminum, the Shanghai spot transaction price began to concentrate between 14320-14340 yuan / ton, the price rose by 100 yuan / ton from last Friday, the monthly premium 20~30 yuan / ton, Wuxi spot transaction price between 14320-14340 yuan / ton, Hangzhou transaction price between 14370-14380 yuan / ton
    .
    The intraday market is full of supplies, Shanghai Wuxi holders are actively shipping, there are still more shippers than receivers, and Hangzhou traders are slightly hesitant to sell at a high price
    .
    Due to the sharp rise in aluminum prices, the downstream began to wait and see, but due to the need for replenishment on Monday, there was still some procurement
    .
    In the late afternoon, aluminum maintained range volatility, the market quotation was between 14320~14340 yuan / ton, and the premium on the plate was 10~20 yuan / ton, but the market was light and there were few actual transactions
    .

    In the afternoon, Shenhuo Co.
    , Ltd.
    issued an announcement that the production capacity of 250,000 tons of electrolytic aluminum in its subsidiary Yongcheng Aluminum Plant was temporarily suspended, and this news may continue to ferment in the short term; In addition, today's SMM statistics show that domestic electrolytic aluminum social stocks continued to fall by 48,000 tons from last Thursday, indicating that the demand side is still performing well
    .
    It is expected that Shanghai aluminum will fluctuate slightly to the upside and try to touch the 14440 yuan / ton position
    .

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