echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The overall period of aluminum may continue to fluctuate at a high level

    The overall period of aluminum may continue to fluctuate at a high level

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's non-ferrous metal market green fat red thin, as of the end of the day, Shanghai aluminum fell 0.
    52%, today's Shanghai aluminum main month 2012 contract opened 15415 yuan / ton, the highest intraday 15460 yuan / ton, the lowest 15285 yuan / ton, settlement 15380 yuan / ton, the end of the close to 15390 yuan / ton, down 80 yuan
    .

    Period aluminum

    In terms of inventory, the latest LME aluminum inventory was 1413775 tons, down 900 tons from the previous trading day; The aluminum warehouse receipt of the previous period was 126661 tons, an increase of 2252 tons
    from the previous trading day.

    In terms of spot, the mainstream spot transaction price in Shanghai, Wuxi and Hangzhou markets is concentrated between 15650-15690 yuan tons, and the discount is 20-liter 20 yuan / ton
    .

    On November 16, the destocking continued, and SMM statistics counted that the domestic electrolytic aluminum social inventory was 615,000 tons, a weekly decrease of 14,000 tons
    .

    In terms of news, in October, the added value of industries above designated size increased by 6.
    9% year-on-year (the following growth rate of added value is the actual growth rate excluding price factors), and the growth rate was the same
    as in September.
    From a month-on-month perspective, in October, the added value of industries above designated size increased by 0.
    78%
    over the previous month.
    From January to October, the added value of industries above designated size increased by 1.
    8%
    year-on-year.

    From a macro perspective, the significant progress of the new crown vaccine and the RCEP agreement signed by China and Japan have formed a certain positive effect on the market, and the macro sentiment has generally become optimistic; From a fundamental point of view, domestic consumption has not shown signs of weakening since November, and social inventories have remained stable and degraded, and it may be difficult to change
    the balance between supply and demand in the short term.

    On the whole, aluminum prices supported by low inventories may be difficult to fall sharply, the overall or still continue to be high volatility, the main force of Shanghai aluminum continues to pay attention to the range of 1.
    52-15,500 range oscillation, the operation of the early stage of the long order can continue to hold, downstream bargain replenishment, it is expected that tomorrow's spot aluminum overall fluctuation range is not large
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.