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    Home > Chemicals Industry > New Chemical Materials > The aluminum market continues to pull back slightly in the short term or will be weak and volatile

    The aluminum market continues to pull back slightly in the short term or will be weak and volatile

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Aluminum market and market review, yesterday's Shanghai aluminum main contract opened at 13,800.
    0000 yuan / ton, the highest 14,250.
    0000 yuan / ton, the lowest 13,780.
    0000 yuan / ton, closed at 13,830.
    00 yuan / ton, the range of 2.
    5678%.

    In terms of capital flow, as of the close of 15:00 on April 6, the main contract of Shanghai aluminum precipitated 1.
    51 billion yuan, the capital outflow was 16.
    32 million yuan, and the speculation degree was 0.
    70 yuan
    .

    Aluminum City

    On the macro front, Fed officials supported a gradual rate hike at the March meeting, which may begin to shrink the $4.
    5 trillion balance sheet later, with the minutes being dovish, the dollar moving first and then subdued, and the colored color gaining respite
    .
    In addition, the euro area economic data was again positive, the euro area and France Markit composite PMI in March recorded the best performance in six years, Germany March Markit services PMI also continued to maintain the pace of expansion, good PMI data also boosted the non-ferrous market
    .
    It is worth mentioning that investors are closely watching how the leaders of China and the United States will interact during the first meeting, which is expected to guide
    the future trend of non-ferrous metals.

    In terms of the market, the source of circulating goods has decreased, the spot discount is relatively stable, the middleman is mainly downstream to receive goods, compared with the previous day, the high level of aluminum fell down, fueling the wait-and-see mentality of downstream enterprises, and the overall transaction did not see a significant recovery
    .

    In terms of inventory, Shanghai nonferrous metal statistics, on April 6, domestic electrolytic aluminum stocks in Shanghai area 252,000 tons, Wuxi 419,000 tons, South China Sea 371,000 tons, Hangzhou 70,000 tons, Gongyi 77,000 tons, the total inventory of the five places is 1.
    189 million tons, an increase of 36,000 tons
    from last Thursday.

    In terms of news, Chongqing Bosai Group's 10 billion yuan alumina project settled in Gaizhou, Chongqing Bosai Group and Gaizhou City reached a cooperation intention
    with a total investment of 10 billion yuan and an annual output of 5 million tons of alumina project.
    China Shandong Weiqiao Aluminum Power Co.
    , Ltd.
    issued an announcement on Thursday that the business operation and financial status of the company and its subsidiaries are normal and stable, and the indicators in the first quarter are good, and there will be no adverse impact or risk due to the negative report, report delay or stock suspension of the controlling shareholder China Hongqiao, and there is no material adverse change
    in the solvency.

    Last night, Shanghai aluminum continued to pull back slightly, falling below the 10,000 mark and closing at 13975 yuan / ton
    .
    The US dollar is strongly suppressing the trend of metals, and it is expected that it will remain weak and volatile today, and continue to pull back to consider buying more
    .

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