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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum basically recovered the previous decline Market transaction is relatively limited

    Shanghai aluminum basically recovered the previous decline Market transaction is relatively limited

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Last week, the main force of Shanghai aluminum fell first and then rose, basically recovering the decline of the previous week, closing at 18,385 yuan, an increase of 1.
    72%.

    In terms of market, the main trading range of spot aluminum in Shanghai Nonferrous Metals Trading Center (SME) is 17840-18300 yuan / ton
    .
    The premium range is C40-B50 yuan/ton
    .
    The willingness to receive goods in the market improved during the week, and the willingness to receive goods at the beginning of the week was boosted, although the subsequent price increased, but due to the small arrival, the premium began to gradually strengthen, and the overall transaction during the week was acceptable
    .

    Shanghai aluminum

    In terms of news, Huang Rusheng, secretary of the Baise Municipal Party Committee, introduced at a press conference held in Nanning, Guangxi on the 2nd that the scale of the aluminum industry in Baise City reached 100 billion yuan (RMB, the same below), and in the future, it will optimize the energy structure of the aluminum industry, expand the aluminum deep processing industry chain, and promote the high-end, intelligent and green aluminum industry
    .

    In terms of industry, there are many overseas energy disturbance factors, and it is difficult for aluminum smelters that have reduced production to resume normal production in the short term; Domestic bauxite imports have decreased significantly, the overall operating rate of bauxite is not high, and the market transaction is relatively limited
    .

    In terms of fundamentals, the new and resumed production capacity of electrolytic aluminum was put into operation, the resumption of production in Sichuan was slower than planned, and the power tension in Yunnan has not eased, and it is rumored that Sichuan and Yunnan may further reduce production due to power problems, and the supply side is expected
    to reduce production.

    The recent epidemic has affected transportation, aluminum processing enterprises in some regions have insufficient raw material inventory, operating rate has declined, consumption is also limited, "Golden Nine Silver Ten" is about to pass, peak season performance is lower than expected, and later demand is doubtful
    .
    Inventories are at a low level at home and abroad, due to the impact of the epidemic on transportation, the domestic aluminum ingot social library is still decreasing, and the trend of LME inventory accumulation has not changed, which may reflect the continued sluggish
    overseas demand.

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