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    Home > Chemicals Industry > New Chemical Materials > The epidemic continues to suppress the demand side The actual consumption downstream of the aluminum market is general

    The epidemic continues to suppress the demand side The actual consumption downstream of the aluminum market is general

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    On Monday, the main monthly 2205 contract of Shanghai aluminum opened at 21810 yuan / ton, the highest intraday 21855 yuan / ton, the lowest 20840 yuan / ton, the settlement 21795 yuan / ton, and the end closed at 21005 yuan / ton, down 790 yuan, down 3.
    62%.

    During the day, Shanghai aluminum fluctuated downward, the US dollar continued to strengthen and put pressure on non-ferrous metals, domestic aluminum supply side production capacity continued to release, the epidemic continued to suppress the demand side, and the actual consumption downstream of the aluminum market was general, dragging down the traditional performance
    of aluminum prices.

    Aluminum City

    In the external market, Lun aluminum opened low and went low, and the LME reported at 3289 US dollars / ton at 15:01 Beijing time for three months, down 83 US dollars, or 2.
    46%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 21210-21250 yuan / ton, down 560 yuan, discount 80-discount 40; Guangdong South Reserve reported 21250-21310 yuan / ton, down 550 yuan; Hua reported 21260-21300 yuan / ton, down 570 yuan
    .
    The receiver lowered the quotation and shipped the goods but the range was limited, the receiver maintained a wait-and-see attitude to purchase on demand, the actual demand was general, and the transaction was not ideal
    .

    Domestic destocking trend affected by the epidemic has been broken, and the beginning of destocking in the current low inventory state has driven domestic aluminum prices to maintain a high level, overseas inventories to maintain a low level, and overseas prices are expected to remain high before the end of the Russian-Ukrainian conflict
    .
    Overall, the Shanghai lockdown has an impact on downstream electrolytic aluminum consumption, and aluminum ingots have begun to accelerate the resumption of production while downstream demand weakens during the consumption season, but low inventories at home and abroad support electricity price aluminum prices, and the overall trend of domestic aluminum prices is expected to be weak
    in January.

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