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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock downward There is still pressure above the follow-up

    Shanghai aluminum shock downward There is still pressure above the follow-up

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2007 contract opened at 12530 yuan / ton, the highest intraday 12620 yuan / ton, the lowest 12415 yuan / ton, settled 12510 yuan / ton, and closed at 12415 yuan / ton, down 90 yuan
    .
    It is difficult to continue the supply-side production cut, today's Shanghai aluminum shock downward, demand will be lower than the same period of previous years, and there is still pressure
    on the follow-up.

    Shanghai aluminum

    In the external market, Lun aluminum fluctuated downward, and the LME three-month aluminum was reported at 1488.
    5 US dollars / ton at 15:00 Beijing time, down 8 US dollars, or 0.
    53%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 13020-13060 yuan / ton, up 20 yuan; Guangdong South Reserve reported 13010-13070 yuan / ton, flat; Hua reported 13130-13150 yuan / ton, up 10 yuan
    .
    The market is highly motivated to ship, and the intermediary and downstream normal procurement are prepared on demand, and the overall transaction is
    acceptable.

    In terms of news, the main plant of alumina in the first phase of Guangxi Huasheng New Materials Co.
    , Ltd.
    has completed large-scale civil construction and entered the stage of installation equipment commissioning
    .
    The overall planning of the project is to produce 4 million tons of metallurgical grade alumina and 800,000 tons of aluminum water per year, and support the construction of downstream aluminum processing and terminals
    .
    At present, the first phase of the 2 million ton alumina project
    is under construction.

    At present, the specific downstream enterprises in China gradually improve the resumption of work, but the operating rate is still low compared with the same period last year, in April aluminum processing enterprise operating rate, aluminum plate and foil, aluminum profiles, aluminum cables and recycled aluminum alloy enterprises operating rate has fallen year-on-year, the current domestic aluminum inventory into a small destocking, social inventory accumulation around 1.
    1 million tons, downstream consumption began to improve, but the current alumina price is weak, electrolytic aluminum profits recover slightly, and electrolytic aluminum and alumina production reduction is not as expected, According to statistics, the recent reduction of electrolytic aluminum production capacity is about 700,000 tons, and the subsequent production reduction and expansion are
    observed.
    In terms of consumption, it pays attention to the pulling effect
    of infrastructure and completed area on aluminum.

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