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    Home > Chemicals Industry > New Chemical Materials > The center of gravity of aluminum prices has shifted slightly downward, and the market is mainly purchased on demand

    The center of gravity of aluminum prices has shifted slightly downward, and the market is mainly purchased on demand

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 1907 contract opened at 14360 yuan / ton in the morning, and the price in the first trading session first ran in a narrow range around 14359 yuan / ton, and then the center of gravity of aluminum prices moved down slightly, reaching the lowest level of the day at 14335 yuan / ton; After entering the second trading session, some bulls entered the market to help the price rise slowly, and finally closed at 14355 yuan / ton, up 15 yuan / ton, or 0.
    1%.

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1850.
    5 US dollars / ton in the morning, in the morning session of the Asian market, Lun aluminum rose slightly to 1857 US dollars / ton and then fell, and in the afternoon session of the Asian market, the price rose and then returned to the opening price; Entering the European trading session, the center of gravity began the third round of upward movement, as of 17:30, it was at 1865 US dollars / ton, up 14 US dollars / ton, or 0.
    75%.

    The non-ferrous metal rose inside and outside the day, and Lun aluminum was driven by the surrounding metal and the internal disk at the same time, and the trend was strong
    .

    In terms of the market, the opening of the month was mainly
    range-bound.
    Shanghai transaction price is between 14340-14360 yuan / ton, the price is slightly higher than the previous day around 20 yuan / ton, the current month plate premium 10 ~ 20 yuan / ton, Wuxi spot transaction price is between 14340-14360 yuan / ton, Hangzhou transaction price is between
    14350-14370 yuan / ton.
    Because the price of aluminum rose from the previous day, and the discount did not rise after the change of month, the shippers were still active, and traders and middlemen traded better, but the shippers were still slightly more than the
    receivers.
    Downstream procurement sentiment is not high, mainly on-demand procurement, but it has improved compared with the previous day
    .

    Environmental protection supervision is tightening, short-term alumina prices are expected to maintain a strong boost to aluminum prices, followed by the speed of electrolytic aluminum destocking is still accelerating
    .
    Domestic supply-side production capacity is still gradually released, but the second quarter of aluminum ingot supply new and resumed production capacity incremental release still needs time verification, the current spot still maintains a premium, traders to stock up to rise led to aluminum ingot destocking speed is still relatively fast, it is expected that short-term aluminum prices will remain strong shock
    .

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