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    Home > Chemicals Industry > New Chemical Materials > The overseas energy crisis continues to ferment, and aluminum prices fluctuate upward

    The overseas energy crisis continues to ferment, and aluminum prices fluctuate upward

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum prices fluctuated upward yesterday
    .
    Large-scale riots broke out in Kazakhstan, but the impact on local aluminum companies was small
    .
    As of now, the European region has reduced electrolytic aluminum production capacity to 800,000 tons, accounting for 2.
    8% of overseas supply, and the potential production capacity reduction may be 600,000 tons
    .
    If there is a substantial reduction in production in Europe, it is expected that the probability of rapid resumption of production in the next two years is low, and the overseas supply disturbance makes Shanghai aluminum rise to more than
    20,700 yuan / ton.

    Aluminum prices

    Fundamentally, the overall supply side has not changed much, and some regions such as Yunnan have a tendency to resume production, but it is difficult to see a large-scale increase
    in the short term.
    On the consumer side, the market transaction turned good, the holders shipped at high prices, the receivers actively inquired, and East China rose sharply
    .

    In terms of stocks, LME stocks stood at 921,400 mt as of Jan.
    6, down 05,400 mt
    from the previous session.
    As of Jan.
    6, social stocks of aluminum ingots fell by 25,000 tons from Tuesday to 776,000 tons
    .
    The domestic aluminum ingot social library continues to destock, and it is necessary to pay attention to the subsequent inventory changes
    .

    In terms of price, the recent European energy problems have caused frequent rumors of overseas electrolytic aluminum production reductions, coupled with the decline in social inventory of aluminum ingots, unilaterally recommended to deal with
    the idea of bargain hunting and long.

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