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    Home > Chemicals Industry > New Chemical Materials > The short-term gap between supply and demand continues to expand, giving strong support to aluminum prices

    The short-term gap between supply and demand continues to expand, giving strong support to aluminum prices

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2109 contract, opening 19775 yuan / ton, the highest intraday 20005 yuan / ton, the lowest 19740 yuan / ton, settlement 19715 yuan / ton, the end of the close to 19925 yuan / ton, up 210 yuan
    .
    Today's Shanghai aluminum opened high, due to the recent impact of power supply, floods, etc.
    , electrolytic aluminum operating capacity continues to be damaged, short-term supply and demand gap continues to expand, electrolytic aluminum in the off-season still continues to go to storage, giving strong support to aluminum prices
    .

    Aluminum prices

    In the external market, today's Lun aluminum volatility is strong, LME three-month Beijing time at 15:01 at 2603 US dollars / ton, up 16 US dollars, or 0.
    64%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 19900-19940 yuan / ton, up 190 yuan; Guangdong South Reserve reported 20060-20120 yuan / ton, up 200 yuan; China reported 19940-19980 yuan / ton, up 170 yuan
    .
    In the spot market, the holders continue to ship at high prices, the receivers actively purchase, the trading atmosphere is acceptable, and the transaction activity is better
    .

    Industry news, it is reported that due to the shortage of power supply, a 500,000 tons/year electrolytic aluminum enterprise in Guangxi was required to stop grooving and reduce production, and the scale of production reduction is expected to be about
    30%.
    Today, Inner Mongolia Power Grid issued a red alert
    for orderly electricity consumption.

    In terms of news, domestic electrolytic aluminum continues to destock, and destocking maintains a relatively fast speed, the southwest region continues to limit power and production, power supply is still tight leading to most aluminum companies to reduce production and burden, so that supply concerns continue to heat up, it is expected that aluminum will rise
    slightly today.

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