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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on August 5

    Shanghai aluminum afternoon review on August 5

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Shanghai aluminum fluctuated overnight, and the main force of Shanghai aluminum 2109 closed at 19640, down 110
    .
    Recently, Yunnan, Guangxi, Guizhou, Inner Mongolia, Henan and other places have reduced production to varying degrees, and the scale of production reduction has reached 2 million tons so far this year, and the supply contraction continues to amplify the gap expectation
    .
    On Monday, the aluminum ingot society fell another 15,000 tons to 740,000 tons, and the market was still tight
    before the national reserve goods entered the industrial chain.
    Aluminum prices fall back or reappear buying demand, temporarily wait and see for the opportunity
    to enter the long order.

    Night Shanghai aluminum

    On the macro front, China's manufacturing purchasing managers' index fell from 50.
    4% in July, an ultra-seasonal decline
    .
    Affected by the Delta new coronavirus variant, the epidemic in various countries has rebounded, and concerns about the prospects for global economic recovery have increased; Fed Vice Chairman Clarida: The Fed may announce its decision
    to reduce QE later in 2021.

    In terms of fundamentals, Henan flood traffic gradually recovered, is expected to arrive in the second half of the week, inventory stabilized and rebounded, SMM inventory on the 2nd reported 743,000 tons, down 1.
    5 from last Thursday; during the same period, the steel union statistics aluminum rod inventory of 123,500 tons, an increase of 95,000 tons from last Thursday; June unwrought aluminum and aluminum exports of 454,000 tons, an increase of 15,300 tons, export performance is stable, imports of 294,000 tons in the same period, an increase of 63,300 tons; the southwest region once again expanded by 5% to 30% , Yunnan Shenhuo reduced production by 50,000 tons again; Shanxi Zhaofeng has recently started to resume production of 100,000 tons; Heavy rain in Henan caused all 40,000 tons of Dengdian to stop production, and Jiaozuo Wanfang urgently stopped production
    .

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