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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on February 17

    Shanghai aluminum afternoon review on February 17

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Friday, the main 2003 contract of Shanghai aluminum opened at 13,755 yuan / ton, high and low after falling to around 13,690 yuan / ton, and then maintained a narrow range of about 13,700 yuan / ton, the intraday amplitude was still less than 100 yuan, the end of the day closed at 13,690 yuan / ton, down 0.
    11%, the trading volume increased to 23,000 lots, the position remained at 85,000 hands, night trading continued to be suspended, and the recovery time was undecided
    。 Today's Shanghai aluminum 2002 contract expires for delivery, the main force also moved to the 2004 contract, and the main operating range of Shanghai aluminum is expected to be 13600-13800 yuan / ton
    .

    Shanghai aluminum

    Aluminum prices in South China continued to perform steadily
    .
    Although affected by the epidemic recently, most factories and enterprises have not started work temporarily due to the impact of prevention and control measures, materials, personnel arrival, transportation, order delays, etc.
    , but some enterprises have gradually resumed work as required, the overall demand is still weak, and it will take time for demand to recover
    .

    Inventory: This week is the second spot trading week after the Spring Festival holiday, and the increase in inventories in consumption places reached 148,000 tons
    .
    Due to the continuous arrival of iron aluminum ingots, the superimposed outbound efforts in many places still show a sluggish posture, so it is expected that the peak of inventory in the 10 weeks after the Spring Festival may reach the level of 1.
    5 million tons
    .
    It is necessary to continue to pay attention to the willingness of aluminum plants to deliver goods to major consumption places in the later stage, the inventory in transit, and the progress
    of downstream resumption of work.

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