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    Home > Chemicals Industry > New Chemical Materials > Terminal demand is sluggish and the short-term aluminum price trend is weak

    Terminal demand is sluggish and the short-term aluminum price trend is weak

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2112 contract, opening 21595 yuan / ton, the highest intraday 21675 yuan / ton, the lowest 20710 yuan / ton, settlement 21485 yuan / ton, the end of the close to 21250 yuan / ton, down 235 yuan
    .
    Today's Shanghai aluminum is running weakly, and domestic and foreign countries are still facing the risk of tightening aluminum supply, but the terminal demand is sluggish, and the superimposed aluminum ingot social library continues to accumulate, which puts pressure on aluminum prices, and the short-term aluminum price trend is weak
    .

    Aluminum prices

    In the external market, today's Lun aluminum fluctuated at a low level, and the LME was reported at 2861 US dollars / ton at 15:01 Beijing time for three months, down 35 US dollars, or 1.
    23%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 20830-20870 yuan / ton, down 810 yuan; Guangdong South Reserve reported 20840-20900 yuan / ton, down 750 yuan; Hua reported 20890-20930 yuan / ton, down 790 yuan
    .
    Holders actively adjust prices and shipments, receivers are bearish on a small amount of purchases, large households are generally enthusiastic about receiving goods, and the overall transaction activity is average
    .

    In terms of consumption, domestic production restrictions have become stricter to the point that Guizhou has completely stopped production, and on October 21, Guizhou Power Grid officially launched a notice of peak power consumption, requiring electrolytic aluminum enterprises in the province to immediately and strictly implement it, and withdraw all production capacity within 5 days, otherwise it will be mandatory; However, the aluminum ingot social library continues to accumulate, and the domestic response to the contraction of the supply side is passivated, the downstream transaction is still not good, the short-term demand is weaker than the supply, and the spot aluminum price may fall
    .

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