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    Home > Chemicals Industry > New Chemical Materials > Strong fundamentals support Shanghai aluminum long-term or maintain strong operation

    Strong fundamentals support Shanghai aluminum long-term or maintain strong operation

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2110 contract, open 21675 yuan / ton, the highest intraday 21845 yuan / ton, the lowest 21620 yuan / ton, settlement 21635 yuan / ton, the end of the close to 21730 yuan / ton, up 95 yuan
    .
    Today's Shanghai aluminum is strongly volatile, the supply side continues to be limited in power production and the impact of dual control of energy consumption, superimposed on the arrival of the consumption season, aluminum ingot social inventory is again destocked, and the fundamentals are strong to support aluminum prices
    .

    Shanghai aluminum

    Today, Lun aluminum fell back after soaring, and the LME reported at 2763 US dollars / ton at 15:01 Beijing time for three months, down 4 US dollars, or 0.
    16%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 21680-21720 yuan / ton, up 70 yuan; Guangdong South Reserve reported 21800-21860 yuan / ton, up 80 yuan; Hua reported 21740-21780 yuan / ton, up 70 yuan
    .
    The cargo holder ships normally, the receiver buys on demand, the transaction situation is good, the enthusiasm of large households to receive goods is general, and the overall transaction is light
    .

    In terms of the market, the tightening of power rationing and energy consumption dual control policies in many places has affected the output of electrolytic aluminum, superimposed aluminum ingot inventories continue to decline, the latest inventory data shows that the overall inventory of aluminum ingots fell by 09,000 tons from Thursday, and aluminum may rise
    today.

    On the fundamental front, the number of new jobs in the United States hit a seven-month low in August, and the recent Taper announcement of plans is less likely; The fermentation of the coup d'état news in Guinea has aroused market attention, as the largest supplier of domestic bauxite, or has a significant impact on China's future ore imports; Relevant domestic departments have repeatedly put forward requirements such as ensuring supply and stabilizing prices, and the short-term rise in aluminum prices has been significantly suppressed, but aluminum prices are prone to rise and fall under the golden nine silver ten cycle, and long-term aluminum prices may maintain strong operation
    .

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