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    Home > Chemicals Industry > New Chemical Materials > The current atmosphere is generally empty, and the high level of aluminum prices is weak and volatile

    The current atmosphere is generally empty, and the high level of aluminum prices is weak and volatile

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Monday, the main contract of Shanghai aluminum opened at 14120 yuan / ton in the morning, the bulls concentrated on entering at the beginning of the session, Shanghai aluminum volume pulled up to touch 14225 yuan / ton, but then the bears faced it head-on, Shanghai aluminum positions steadily increased, aluminum prices high weak shock closed at 14165 yuan / ton, Shanghai aluminum index positions increased by 8776 hands to 638874 lots, short-term in the alumina price rebound aluminum prices have signs of stabilization, but it is really difficult to establish a rebound market, mainly subject to the current overall short macro atmosphere, On the other hand, the marginal weakening of supply and demand has become a foregone conclusion, and it is expected that aluminum prices will remain in the range of 13950~14200 yuan / ton in the short term
    .

    Aluminum prices

    In terms of the external market, in the morning, Lun aluminum opened at 2084 US dollars / ton, at the beginning of the session, Lun aluminum quickly rose to recover the 5-day moving average, touching 2110 US dollars / ton, and then Lun aluminum in the high shock again refreshed the intraday high of 2112 US dollars / ton, as of 17:40, Lun aluminum reported 2105 US dollars / ton, short-term in the context of Shanghai aluminum to stop falling, the dollar high fall, it is expected that Lun aluminum temporarily stabilized and shocked, and the medium term concerned about the uncertainty
    of domestic environmental protection policies.

    In terms of spot, before the afternoon, Shanghai trading concentrated 13980~14010 yuan / ton, the discount for the month was 40~20 yuan / ton, Wuxi transaction concentrated 13980~14010 yuan / ton, Hangzhou transaction concentrated 14010~14030 yuan / ton
    .
    The spot discount expanded slightly, the shipment strength of the holder weakened, turned to the receipt, the enthusiasm of the middleman to receive the goods increased, the downstream enterprises purchased on demand, and the overall transaction was more active
    than last Friday.
    In the late afternoon, the high level of aluminum fluctuated, and the transaction price in East China was concentrated at 14000~14010 yuan / ton
    .

    Market News:

    1.
    China Aluminum introduced on Monday in the Shanghai Stock Exchange e, according to the statistics of relevant institutions, since entering the second quarter of the electrolytic aluminum consumption season, the inventory of aluminum ingots in major domestic consumption places has continued to decline, indicating that market supply and demand are gradually improving, which is a positive impact
    on the market and electrolytic aluminum manufacturers.

    2.
    A responsible person of the company said: "The first phase of our company of 100,000 tons with a total of 120 sets of 230KA electrolyzers began to start operation on April 9, and the production capacity of 100,000 tons was all started in late June
    .
    The second phase of the project is scheduled to resume construction
    in August.

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