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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to be strong, and the market expects demand to pick up after the holiday

    Shanghai aluminum continues to be strong, and the market expects demand to pick up after the holiday

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Friday, the main monthly 2103 contract of Shanghai aluminum opened at 15230 yuan / ton, the highest intraday 15600 yuan / ton, the lowest 15230 yuan / ton, settled 15455 yuan / ton, and closed at 15555 yuan / ton, up 380 yuan
    .
    Shanghai aluminum continued to be strong during the day, the market expected demand to pick up after the holiday, the current inventory is at a relatively low level, and the warm macro atmosphere drove the price higher
    .

    Shanghai aluminum

    In the external market, Lun aluminum is strong and volatile, LME three-month aluminum Beijing time at 15:00 at 2001 US dollars / ton, up 6.
    5 US dollars, or 0.
    33%,
    from the previous trading day's settlement price.

    In terms of the market, the spot trading price of Yangtze River was 15460-15500 yuan / ton, up 120 yuan; Guangdong South Reserve reported 15460-15520 yuan / ton, up 210 yuan; Hua reported 15600-15620 yuan / ton, up 160 yuan
    .
    Holders are optimistic about the market and actively ship after the decline, and receivers are mainly wait-and-see, and transaction activity remains weak
    .

    Industry news, on the afternoon of February 4, Novelis lightweight high-end automotive aluminum plate project signed a contract in the town
    .
    The project has a total investment of 300 million US dollars, a planned area of about 400 mu, and is invested and constructed in 3 years, and is expected to achieve an annual output of 230,000 tons of lightweight,
    high-end automotive cold-rolled aluminum coil after completion.

    This year, China encourages local New Year celebrations, resulting in less accumulation than in previous years, and there are still great expectations
    for the improvement of downstream operating rates after the Spring Festival.
    Considering that the domestic macro is still warm in the first half of the year, it is still in the stage
    of optimistic expectations.

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