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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rushed back down supply-side constraints

    Shanghai aluminum rushed back down supply-side constraints

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2109 contract, opening 19625 yuan / ton, the highest intraday 19765 yuan / ton, the lowest 19465 yuan / ton, settlement 19560 yuan / ton, the end of the close to 19540 yuan / ton, down 20 yuan
    .
    Today's Shanghai aluminum rush back down, Henan heavy rain caused aluminum enterprises to stop work and production, coupled with the previous power restrictions and production restrictions to delay the resumption of production capacity, and the domestic electrolytic aluminum social library continued to destock, the supply-side restrictions continued
    .

    Shanghai aluminum

    Today's London aluminum shock is weak, LME three-month Beijing time at 15:01 at 2500 US dollars / ton, down 5 US dollars, or 0.
    18%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 19510-19550 yuan / ton, down 90 yuan; Guangdong South Reserve reported 19630-19690 yuan / ton, down 100 yuan; Hua reported 19570-19610 yuan / ton, down 90 yuan
    .
    Cargo holders shipped at high prices, downstream consumption was weak, large households were generally enthusiastic about receiving goods, and trading weakened subsequently
    .

    Mining giant Rio Tinto said on Monday that after negotiations broke down, Canadian union Unifor launched a strike and Rio Tinto plans to cut output at the BC Works aluminum smelter in Kitimat to 35 percent
    of normal levels.

    In terms of news, the peak of summer electricity consumption caused the tight power supply, Henan suffered heavy rainfall affecting local transportation, resulting in aluminum companies forced to stop work and production, domestic electrolytic aluminum social inventory of 782,000 tons, down 47,000 tons from last Monday, inventory continued to destock, and destocking maintained a relatively rapid degree, it is expected that aluminum will rise
    .

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