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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum runs at a low level and the demand performance is generally stable

    Shanghai aluminum runs at a low level and the demand performance is generally stable

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2101 contract opened at 16260 yuan / ton, the highest intraday 16450 yuan / ton, the lowest 15860 yuan / ton, settled 16180 yuan / ton, and closed at 16350 yuan / ton, down 135 yuan
    .
    Today, Shanghai aluminum is running at a low level, demand performance is generally stable, inventory is at the low level of previous years, but the industry's profits are high, and new production capacity continues to be launched
    .

    Shanghai aluminum

    In terms of external trading, today's Lun aluminum opened higher, LME three-month aluminum Beijing time at 15:00 at 2035 US dollars / ton, up 20 US dollars, or 0.
    99%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 16580-16620 yuan / ton, down 250 yuan; Guangdong South Reserve reported 16620-16680 yuan / ton, down 270 yuan; Hua reported 16700-16720 yuan / ton, down 240 yuan
    .
    Holders actively shipped, the circulation supply was sufficient, downstream procurement rebounded slightly, and the transaction activity was average
    .

    In terms of news, the latest customs data show that China's aluminum foil exports in October were 104,500 tons, an increase of 0.
    74% from the previous month and 4.
    23%
    from last year.
    From January to October 2020, the export volume of aluminum foil was 1.
    0227 million tons, a decrease of 5.
    48 percentage points
    over the same period last year.
    In October, the monthly export volume increased year-on-year, reflecting the improvement of the
    export environment.

    In terms of fundamentals, this week's latest inventory increased by 10,000 tons from Monday and returned to more than 600,000 tons, the overall inventory level of the city is still low, but the end of the year to the first quarter of next year consumption is likely to cool down, inventory is expected to gradually increase, in addition to the medium-term supply increase trend is also worth paying attention to
    .
    It is expected that aluminum prices will face adjustment in the short term, and the operation will be
    dominated by high test shorts.

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