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    Home > Chemicals Industry > New Chemical Materials > Short-term demand side may not improve significantly Aluminum prices have limited space above

    Short-term demand side may not improve significantly Aluminum prices have limited space above

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2008 contract opened at 14120 yuan / ton, the highest intraday 14340 yuan / ton, the lowest 14105 yuan / ton, settled 14240 yuan / ton, and closed at 14245 yuan / ton, up 145 yuan
    .
    Today's Shanghai aluminum trend is strong, social inventory accumulation has emerged, imported aluminum ingots hit the market, aluminum prices above the space is limited
    .

    Aluminum prices

    In terms of external trading, today's London aluminum is weak and volatile, LME three-month aluminum Beijing time at 15:00 at 1659 US dollars / ton, down 4 US dollars, or 0.
    24%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River was 14470-14510 yuan / ton, up 130 yuan; Guangdong South Reserve reported 14400-14460 yuan / ton, up 130 yuan; Hua reported 14570-14590 yuan / ton, up 110 yuan
    .
    Cargo holders are actively shipped, large households still do not receive much, traders can trade, and downstream purchases
    are on demand.

    Industry news, recently, Yunnan Wenshan Aluminum Co.
    , Ltd.
    has completed an aluminum ash resource utilization production line with an annual output of 30,000 tons
    .
    Every year, it can realize harmless and resource treatment of 30,000 tons of aluminum ash, increase the production of alumina by about 20,000 tons, eliminate 1,000 tons of organic matter in the alumina system, and nearly 3 million Nm3
    of by-product hydrogen.
    It marks that the industry's aluminum ash disposal has entered a stage of harmless resource recycling
    .

    Aluminum prices fell back last week, on the one hand, Sino-US tensions have escalated, and capital market caution dragged down aluminum prices; On the other hand, the destocking range of domestic aluminum ingot stocks continued to narrow, and the bulls lacked confidence and left the market
    profitably.
    From a fundamental point of view, the process of resuming production and production of aluminum enterprises has accelerated, and the supply side has gradually come under pressure
    in the later period.
    Seasonal off-season signs are showing, downstream orders are insufficient, and the demand side may not improve
    significantly in the short term.
    Aluminum ingot social inventory in the short term or now inflection point
    .
    Therefore, it is recommended to pay attention to the marginal changes in supply and demand and the trend of long and short funds, and strategically, it is recommended to wait and see for the time being
    .

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