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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum still maintains a volatile pattern and pays attention to the changes in social inventory

    Shanghai aluminum still maintains a volatile pattern and pays attention to the changes in social inventory

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Yesterday's Shanghai aluminum daily low weak shock, night trading strong volatility
    .
    The latest data show that China's new energy vehicle production and sales in October continued to refresh the historical record, with new energy vehicle sales reaching 383,000 units in October, a year-on-year increase of 134.
    9%, and the cumulative sales of new energy vehicles from January to October were 2.
    542 million units, a year-on-year increase of 176.
    6%.

    Due to the influence of large-scale cold wave weather, heavy snowfall has occurred in many places in the northern region recently, and it is necessary to pay attention to the impact of
    extreme weather on production and transportation.

    Shanghai aluminum

    Fundamentally, under the influence of the environmental protection pressure and energy consumption dual control policies of the Winter Olympics in the fourth quarter of China, the scope of power rationing and production restrictions in the northern region has gradually expanded, and the production capacity
    of electrolytic aluminum has continued to be compressed.
    Holders on the consumer side continued to reduce shipments, and the receiving party purchased at the bottom, and the overall transaction was average
    .
    Recently, power cuts in Guangdong, Henan, Jiangsu and other places have been eased, the operating rate of downstream enterprises has continued to rise, and terminal consumption has shown a recovery trend
    .

    In terms of stocks, LME stocks stood at 985,300 mt as of Nov.
    11, down 06,100 mt
    from the previous session.
    As of November 08, the social stock of aluminum ingots fell by 02,000 tons from last week to 1.
    011 million tons
    .

    Subsequent aluminum prices are expected to remain weak, and changes in the social treasury are the core variables, and it is recommended to continue to pay attention
    .
    In addition, it is recommended that investors continue to pay attention to factors such as the contraction of overseas aluminum supply supply, the crisis of energy products, domestic thermal coal prices, and alumina prices
    .

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