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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum volatility is higher, short-term wait-and-see is appropriate

    Shanghai aluminum volatility is higher, short-term wait-and-see is appropriate

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2010 contract opened at 14205 yuan / ton, the highest intraday 14540 yuan / ton, the lowest 14155 yuan / ton, settled 14415 yuan / ton, and closed at 14515 yuan / ton, up 105 yuan
    .
    Today's Shanghai aluminum shock is higher, investment and recovery capacity continues to release, but peak season consumption is still expected, short-term aluminum prices into shock
    .

    Shanghai aluminum

    Today's London aluminum trend is stronger, LME three-month aluminum Beijing time at 15:01 at 1782.
    5 US dollars / ton, up 7.
    5 US dollars, or 0.
    42%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 14550-14590 yuan / ton, down 30 yuan; Guangdong South Reserve reported 14650-14710 yuan / ton, down 30 yuan; Hua reported 14670-14690 yuan / ton, down 30 yuan
    .
    Large households received goods continuously, while the holders reluctantly sold, and the overall transaction was not smooth
    .

    The latest ingot inventory data showed 764,000 tons, up 03,000 tons
    from last Thursday.
    September is close to the halfway point, peak season demand is still not obvious, processing and automobile-related consumption show signs of improvement, new orders pick up, but grid investment has not moved, and overall domestic demand has not yet met expectations
    .
    Recently, Europe and other countries have implemented anti-dumping on China's aluminum exports, aggravating concerns about exports under high ratios, and it is expected that exports will still be difficult to improve
    significantly.

    On the supply side, stimulated by the continued high smelting profit, Yunaluminum Haixin and Yunnan Hongtai have recently started production, and supply growth has accelerated
    .
    At present, aluminum consumption has improved in a certain sector, but the overall can not meet the market's expectations for peak season consumption, especially in the context of continuous supply, once the peak season demand is confirmed to be poor or the peak season is seriously delayed, in fact, the supply and demand mismatch for the price promotion, but the fact of low inventory can not be ignored, short-term wait-and-see is appropriate, waiting for specific changes
    in demand.

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