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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum intraday volatility fell back Market trading performance is average

    Shanghai aluminum intraday volatility fell back Market trading performance is average

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum intraday shock fell back, continued to close negative, held the 20,000 three mark, closed down 0.
    82%.

    Europe's energy problems are difficult to solve in the short term, overseas supply is still difficult to say optimistic, domestic supply has recovered steadily, but demand recovery has been disrupted by the epidemic performance is not good, the spot market atmosphere is poor, suppressing aluminum prices, and this week aluminum ingot social library continues to degrade, making there is some support
    below.

    Shanghai aluminum

    Yesterday's European benchmark Dutch natural gas futures prices fell from a high level, London aluminum closed negative overnight, Shanghai aluminum down
    .
    At present, the situation between Russia and Ukraine is still fermenting, and the former Russian president said that for "unfriendly countries that export natural gas, including all EU member states, Russia will only accept payment
    in rubles.
    " Then there were rumors in the market that the United States plans to supply up to 15 billion cubic meters of liquefied natural gas to the EU by the end of 2022, and the market's expectations of Europe's energy shortage have weakened
    .
    However, on the whole, the problem of energy shortage in Europe is still difficult to alleviate, which will restrict overseas aluminum production
    .
    Secondly, Australia's restrictions on the export of alumina to Russia in the early stage also limited Rusal's production
    .

    In terms of the market, under the influence of today's futures price limit increase, the spot performance is poor, Shanghai nickel continued to close the limit in the morning, the spot market basically stagnated, for the current nickel price trend, most traders said that they could not understand, so cautious wait-and-see; There are few quotations in the morning, and the merchants report the actual price
    shipment.
    However, prices are generally higher than market expectations, so market conditions are quite light
    .
    On the whole, the trading performance of the aluminum ingot spot market is average
    .

    At present, the domestic supply side is gradually recovering, but the overall output is still lower than the same period
    last year.
    Galaxy Futures learned that at present, the production of Shandong aluminum plant is normal, and the resumption of production in the southwest region is relatively fast
    .
    Although the demand side has recovered seasonally, it has encountered the impact of the epidemic and the downstream consumption atmosphere is poor, according to SMM, some downstream processing enterprises have reduced production and stopped production under the impact of the epidemic to affect demand recovery
    .
    Under the influence of the epidemic and high prices, demand performance is not good, putting pressure
    on aluminum prices.
    In addition, in some areas affected by the epidemic, the arrival and exit of goods were blocked, and the weekly destocking of aluminum ingots was 50,000 tons, which supported aluminum prices
    .

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