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    Home > Chemicals Industry > New Chemical Materials > The market presents a weak pattern of supply and demand, and Shanghai aluminum is under pressure to fall

    The market presents a weak pattern of supply and demand, and Shanghai aluminum is under pressure to fall

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2112 contract, opening 22600 yuan / ton, the highest intraday 22945 yuan / ton, the lowest 21405 yuan / ton, settlement 23270 yuan / ton, the end of the close to 21580 yuan / ton, down 1690 yuan
    .
    Today's Shanghai aluminum trend is weak, once diving in the afternoon multi-contract fell to the limit, aluminum prices continue to be dragged down by the collapse of coal, and the release of aluminum ingot inventory continues to be limited to inventory accumulation, coupled with poor downstream consumer demand, showing a weak pattern of supply and demand, aluminum prices are under pressure to fall
    .

    Shanghai aluminum

    Today's high level of Lun aluminum retreated, and the LME reported at $2,872 / ton at 15:01 Beijing time for three months, down $31, or 1.
    05%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 21880-21920 yuan / ton, down 1430 yuan; Guangdong South Reserve reported 21800-21860 yuan / ton, down 1440 yuan; Hua reported 21930-21970 yuan / ton, down 1440 yuan
    .
    The cargo holder shipped at a high price, the receiving party was positive for purchasing, the trading atmosphere was warming up, and the overall transaction was good
    .

    Domestic power shortage continues, coupled with thermal coal prices fell sharply again, aluminum price cost support logic collapsed, while Henan area power rationing landed, downstream aluminum strip enterprises mostly open three stop four, so that the subsequent aluminum ingot inventory accumulation rate exceeded market expectations, and downstream consumer demand is general, superimposed long funds continue to close out and leave the market, spot aluminum prices or fall.

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