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    Home > Chemicals Industry > New Chemical Materials > The medium-term upward driving force of aluminum prices is not large

    The medium-term upward driving force of aluminum prices is not large

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai aluminum main 1907 contract opened at 14285 yuan / ton in the morning, after the opening aluminum price tried to rush up to 14310 yuan / ton after being suppressed by bears turned down, bottoming out to the lowest level of the day 14280 yuan / ton, a small number of bulls entered the dip before noon, Shanghai aluminum bottomed out; In the afternoon, long funds withdrew, and aluminum prices fell again, finally closing at 14240 yuan / ton, down 70 yuan / ton, down 0.
    49%.

    Aluminum prices

    In the external market, Lun aluminum opened at 1803 US dollars / ton in the morning, and during the Asian trading session, Lun aluminum rose slightly and then fluctuated around the 5/10-day moving average; From the end of the Asian market to the European trading session, Lun aluminum climbed up after reaching a low of $1800 / ton, touching a high of $1814.
    5 / ton, and then fluctuated and pulled, closing at $1804.
    5 / ton as of 16:39, returning to the level of the market
    .

    During the day, the performance of Shanghai aluminum pulled back, and it is expected to fluctuate at 14200-14400 yuan / ton, which needs to continue to pay attention to the long and short situation and the macro situation
    .
    Aluminum opened the month volatile and fell
    .
    In the morning, the Shanghai trading price was between 14280-14300 yuan / ton, as the aluminum continued to fall, the Shanghai spot trading price began to concentrate between 14270-14290 yuan / ton, the price fell from last Friday around 50 yuan / ton, the monthly premium 10 ~ 20 yuan / ton, Wuxi spot transaction price between 14270-14290 yuan / ton, Hangzhou transaction price between 14310-14330 yuan / ton
    .
    The market has sufficient tickets for the next month, relatively few goods in the current month, and the holders are actively shipping, but most of them are mainly out of the next month, there are more sellers than buyers, and the actual transaction is not as good as the previous day
    .
    Although the price of aluminum has fallen within the day, there are replenishments downstream and superimposed on the price wait-and-see, so the purchase is not high, and the basic purchase
    is on demand.
    The overall transaction in East China within the day is average
    .
    In the late afternoon, aluminum maintained range volatility, although the market quoted around 14270 yuan / ton, but there was no actual transaction, and the overall performance of the market was light
    .

    Recently, a fire broke out in Henan Shenhuo, and 250,000 tons of production capacity was forced to be suspended, and the trend of aluminum prices is still strong
    .
    Alumina plant due to environmental protection production reduction, the current aluminum spot still maintains a premium, traders to stock up to rise, resulting in aluminum ingot destocking speed is still relatively fast, it is expected that short-term aluminum prices will continue to be strong shock
    .
    In the medium line, the domestic smelting supply capacity is gradually rising, the profit repair of electrolytic aluminum after the heating season, the supply release pressure in the second half of the year is still large, the cost of electrolytic aluminum (such as alumina, anode carbon, etc.
    ) Although the short-term recovery has rebounded, but the supply pressure of the cost end of the middle line is still large, so it is expected that the scale of electrolytic aluminum production reduction is difficult to expand and the new production capacity will be released as scheduled, and the driving force of the aluminum market in the medium term is not large
    .

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