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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum volatility is strong, the overall trading volume of the market is weak

    Shanghai aluminum volatility is strong, the overall trading volume of the market is weak

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2107 contract, opening 18270 yuan / ton, the highest intraday 18465 yuan / ton, the lowest 18265 yuan / ton, settlement 18365 yuan / ton, the end of the close to 18390 yuan / ton, up 25 yuan
    .
    Today's Shanghai aluminum shock is strong, electrolytic aluminum enterprises in Yunnan may continue to reduce production, the rumors of the national reserve sell-off have reappeared to cause market concerns, and the trend of aluminum ingot destocking will continue
    .

    Shanghai aluminum

    Today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:02 at 2452 US dollars / ton, up 2 US dollars, or 0.
    08%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18360-18400 yuan / ton, up 30 yuan; Guangdong South Reserve reported 18570-18630 yuan / ton, up 30 yuan; Hua reported 18420-18460 yuan / ton, up 30 yuan
    .
    Holders try to sell goods at a high price, the demand of the receiver is general, and the overall transaction is weak
    .

    It is reported that electrolytic aluminum enterprises in Yunnan will continue to reduce production in July, smelter electrolyzer restart costs are high, the process is complicated, aluminum ingot social inventory continues to decline, the trend of destocking will continue, and spot aluminum prices are expected to rise
    .

    In June, supply-side disturbances increased significantly, and in addition to the implementation of peak power rationing measures in Yunnan, Guangdong also faced production pressure due to power shortages; In addition, the fermentation of the epidemic in Guangdong has affected the circulation and
    turnover of goods in the spot market.
    The current electrolytic aluminum social inventory water level to 954,000 tons, a decrease of 8,000 tons this week, before the two major markets of South China Sea and Wuxi concentrated on the arrival of inventory slightly increased, but the overall is still in the peak season inventory digestion stage, the pace of destocking further slowed down
    .
    Due to the increase of uncertainties caused by policy and supply-side disturbances, and the price of downstream processing fees fluctuated and adjusted many times in a single day, the enthusiasm of early consumption in the market has weakened
    .

    At present, aluminum prices are weakly suppressed by policies, but the strong operation of fundamentals will form an effective support for the bottom of the price, and it is expected that the shock trend will remain for a period of time, due to the specific implementation of policies and the production time and related progress
    in Yunnan and other regions.

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