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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on October 11

    Shanghai aluminum afternoon comment on October 11

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Shanghai aluminum rebounded slightly on Friday, the spot discount remained around 80 yuan, and the accumulation of aluminum ingots during the National Day period was about 50,000 tons, slightly lower than in the past two years
    .
    Under the state of dual control and power restriction of energy consumption in the country, Qinghai Ningxia aluminum plant is facing production reduction again, and the impact of consumption side still exists, paying attention to inventory changes under the condition of weak supply and demand, and short-term or continuation of the shock pattern
    .

    Shanghai aluminum

    In terms of macro, the State Council often emphasizes the supply of coal power, but electrolytic aluminum, as a high-energy-consuming industry, is difficult to alleviate
    the production of materials in the previous period on the basis of ensuring the needs of the masses.
    Qinghai has introduced an orderly power consumption plan, and electrolytic aluminum needs to be curtailed under the primary response, but it is far lower than the market expectation of 30%.

    In addition, the global energy crisis has put pressure on overseas electrolytic aluminum supply to reduce production, and the supply will continue to decrease; At the same time, short-term consumption slowed down significantly, inventory continued to accumulate, it is recommended to wait for consumption to stabilize and take advantage
    of the dip.

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