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    Home > Chemicals Industry > New Chemical Materials > The center of gravity of the US index continues to shift down, and Shanghai aluminum shows a volatile trend

    The center of gravity of the US index continues to shift down, and Shanghai aluminum shows a volatile trend

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    The center of gravity of the US dollar index continued to move down, overnight base metals rose and faltered, London aluminum closed up $4, the US job market or continue to release a good signal, it is expected that Shanghai aluminum is volatile today, aluminum or little change
    .

    Shanghai aluminum

    In the evening, the US job market continued to release positive signals, international metals rose and faltered, Lun aluminum intraday shock slightly rose by $4 at the end of the session, the latest closing price was $1497; Today's Shanghai aluminum current month 1604 contract opened at 11680 yuan, down 20 yuan, 9:20 Shanghai aluminum 1604 contract latest price is 11715 yuan, up 15 yuan; The center of gravity of the US dollar index continued to move downward, and the strengthening of Shanghai aluminum volatility in the evening showed that the market bullish atmosphere was still strong, and it is expected that Shanghai aluminum will be strong today
    .

    The latest inventory of London Metal Exchange (LME) 30-day aluminum was 2798875 metric tons, down 15,925 metric tons from the previous trading day's inventory, and the latest inventory of aluminum alloy was 16,880 metric tons, unchanged
    from the previous trading day's inventory.

    Yesterday's domestic spot aluminum prices fell, AOO aluminum ingot price was reported at 11670-11710 yuan / ton, the average price was 11690 yuan, down 80 yuan, and the AOO aluminum ingot price in East China of Chalco was reported at 11760 yuan / ton, down 20 yuan / ton; The market is still optimistic about the demand for aluminum in the future, Shanghai aluminum fluctuated higher after a brief adjustment yesterday, and the short-term bullish mentality in the spot market still exists, and spot aluminum is expected to remain stable
    today.

    Market prices continue to fall, the whole industry loses, the industrial layout shifts, under the double impact of the internal and external environment, electrolytic aluminum manufacturers in Hubei Province have shut down
    .
    Hubei Provincial Economic and Information Commission introduced that the province's "Twelfth Five-Year Plan" has eliminated 127,000 tons of electrolytic aluminum production capacity, exceeding the target of 100,000 tons issued by the state
    .
    At present, only two enterprises in Hubei Province, Hubei Qili Huasheng Aluminum and Hanjiang Danjiangkou Aluminum, produce electrolytic aluminum, with an annual production capacity of 140,000 tons, down 65%
    from 2010.

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