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    Home > Chemicals Industry > New Chemical Materials > Social inventories continue to accumulate Shanghai aluminum shock pullback

    Social inventories continue to accumulate Shanghai aluminum shock pullback

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2203 contract, opening 22760 yuan / ton, the highest intraday 22785 yuan / ton, the lowest 22450 yuan / ton, settlement 22740 yuan / ton, the end closed at 22589 yuan / ton, down 145 yuan, down 0.
    64%.

    Today's Shanghai aluminum low volatility, Guangxi Baise epidemic control lifted, aluminum supply concerns have eased, high aluminum prices have suppressed downstream consumer demand, superimposed aluminum ingot social inventory continues to accumulate, Shanghai aluminum shock pullback
    .

    Shanghai aluminum

    Today's London aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 3258 US dollars / ton, down 8 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 is 22570-22610 yuan / ton, down 130 yuan; Guangdong South Reserve reported 22630-22690 yuan / ton, down 130 yuan; Hua reported 22630-22670 yuan / ton, down 120 yuan
    .
    Holders lowered selling, receivers were bearish and had no replenishment demand for the time being, and trading was not good
    .

    In terms of inventory, last week's aluminum ingot social inventory continued to accumulate, on February 21, the domestic electrolytic aluminum social inventory was 1.
    081 million tons, compared with last Thursday accumulated 42,000 tons, the three places contributed the main increase, of which Wuxi accumulated 19,000 tons, Gongyi accumulated 15,000 tons, South China Sea accumulated 8,000 tons; Shanghai, Tianjin and Linyi regions were flat; Chongqing area to de-warehouse 01,000 tons
    .

    At present, macro sentiment is empty, and fundamentals are intertwined
    .
    The tight supply-side situation has improved, downstream consumption continues to recover, and short-term inventories will still accumulate
    .
    It may be expected that the 03 contract will fluctuate in the range of 22200-23000 yuan / ton next week, and it is recommended that the range operation is the mainstay
    .

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