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Supply disruptions drove market sentiment and pushed aluminum prices higher

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2110 contract, opening 22570 yuan / ton, the highest intraday 23035 yuan / ton, the lowest 22175 yuan / ton, settlement 22280 yuan / ton, the end of the close to 22495 yuan / ton, up 215 yuan
.
Today's Shanghai aluminum shock is strong, domestic power restrictions and production restrictions continue to increase, resulting in a continuous decrease in electrolytic aluminum production, supply disturbances have driven market sentiment to heat up, and pushed up aluminum prices
.

Aluminum prices

Today, Lun aluminum bottomed out, and the LME was reported at $2,880 / ton at 15:01 Beijing time for three months, down $10, or 0.
35%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 22700-22740 yuan / ton, up 480 yuan; Guangdong South Reserve reported 22750-22810 yuan / ton, up 540 yuan; Hua reported 22770-22810 yuan / ton, up 500 yuan
.
Holders actively ship goods at high prices, the receiving party is generally enthusiastic about purchasing, the trading activity is not good, and the overall transaction is not happy
.

On September 15, the spot aluminum price, the spot AOO aluminum ingot price of Changjiang Nonferrous Metal Network was reported at 22240 yuan / ton, down 650 yuan; The price of Chinalco East China AOO aluminum ingots was 22240 yuan / ton, down 650 yuan
.
Recently, Yulin, Shaanxi Province received a notice of production restriction, requiring electrolytic aluminum enterprises to reduce production by 50% in September, power supply departments to limit power control by 50%, and the continuous increase in power rationing and production restrictions on the supply side and the continuous interference of dual control of energy consumption, the output of electrolytic aluminum slowed down, and aluminum or rose
.

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