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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 8

    Shanghai aluminum afternoon review on May 8

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Yesterday, the main 2006 contract of Shanghai aluminum opened at 12,730 yuan / ton, briefly rose slightly and began to turn downward, fell to around 12,600 yuan / ton in the afternoon adjustment, and closed slightly at 12,620 yuan / ton, down 0.
    94%, the trading volume was reduced to 79,000 lots, and the position was reduced to 102,000 lots
    .
    April aluminum export data fell year-on-year, spot trading slightly weakened, but in the short term fundamentals still supported, warehouse receipts fell 14,000 tons to 189,000 tons; the daily close was slightly negative, basically smoothing the previous day's gains, and is expected to run in the range of 12,300-12,600 yuan / ton today
    .

    Shanghai aluminum

    The price of Chinalco East China AOO aluminum ingots was 13,010 yuan / ton, up 10 yuan
    .
    Affected by the epidemic, overseas orders have decreased, China's unwrought aluminum and aluminum exports in April were 440,000 tons, the lowest monthly total since October last year, and the cumulative decrease from January to April was 15.
    9% year-on-year to 1.
    629 million tons, and spot aluminum prices are expected to fall
    today.

    On the cost side, alumina performance bottomed out, because the current domestic alumina operating capacity has improved compared with the previous reduction of raw material demand for electrolytic aluminum plants, and it is expected to maintain a small upward trend in the short term; On the supply side, the supply of electrolytic aluminum has not risen significantly in the short term, the arrival of aluminum ingots in various places is relatively small, the outbound strength is still strong, and the spot circulation is tight; On the demand side, in addition to some primary aluminum manufacturers in the downstream sector during the holiday, most of the downstream manufacturers such as profiles and strip foil are still in production, and it is expected that downstream consumption will still be in a good state
    in early May.

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