echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum short-term or fell into a wide range of volatility market

    Shanghai aluminum short-term or fell into a wide range of volatility market

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai aluminum main month 2105 contract opened at 17060 yuan / ton, the highest intraday 17460 yuan / ton, the lowest 16990 yuan / ton, settled 17235 yuan / ton, and closed at 17420 yuan / ton, up 260 yuan
    .
    Today's Shanghai aluminum shock is higher, the aluminum ingot import window is closed, social inventory has begun to decline, and the sustainability of destocking remains to be seen
    .

    Shanghai aluminum

    Today, Lun aluminum fluctuated to the upside, and the LME three-month aluminum was reported at 2270.
    5 US dollars / ton at 15:00 Beijing time, up 14.
    5 US dollars, or 0.
    64%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 17320-17360 yuan / ton, up 150 yuan; Guangdong South Reserve reported 17300-17360 yuan / ton, up 130 yuan; Hua reported 17420-17440 yuan / ton, up 130 yuan
    .
    The market trading turned weak, the enthusiasm of large households to receive goods was average, and the transaction activity was average
    .

    On the supply side, the high profit of electrolytic aluminum smelting and the continuous opening of the import window, the supply side is expected to rise by 11.
    1% to 3.
    44 million tons in March, and there is further room for growth in the future, and the annualized growth rate will exceed expectations
    .

    On the demand side, affected by the recovery of operating rate, the excess situation of electrolytic aluminum will be improved, and the accumulation cycle is about to end
    .
    However, it should be noted that a large number of downstream enterprises began to stock up in the second quarter of last year to improve actual demand, and it is necessary to pay attention
    to whether there can be higher growth under the serious fear of heights this year.
    For the future market, aluminum prices short-term or into a wide range of shock market, does not rule out the possibility of continuing to decline, from the past historical trend of aluminum has appeared "off-season not light, peak season not strong" market
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.