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    Home > Chemicals Industry > New Chemical Materials > The short-term trend of aluminum prices is mainly adjusted by shocks

    The short-term trend of aluminum prices is mainly adjusted by shocks

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2011 contract opened at 14695 yuan / ton, the highest intraday 14705 yuan / ton, the lowest 14590 yuan / ton, settled 14660 yuan / ton, and closed at 14680 yuan / ton, up 35 yuan
    .
    Today's Shanghai aluminum shock is strong, the economy is expected to continue to remain stable as a whole, electrolytic aluminum supply is under pressure, short-term aluminum prices remain volatile
    .

    Aluminum prices

    Today's London aluminum oscillating operation, LME three-month aluminum Beijing time at 15:01 at 1845 US dollars / ton, unchanged from the previous trading
    day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River was 14940-14980 yuan / ton, down 30 yuan; Guangdong South Reserve reported 14800-14860 yuan / ton, unchanged; Hua reported 15050-15070 yuan / ton, down 20 yuan
    .
    Holders intend to ship goods at a high price, large households continue to purchase, and the market is stable and stable
    .

    China will add 3 million tons of aluminum capacity in 2021, more than half of which will come from the emerging smelting area
    in Yunnan Province, research institute Antaike said on Wednesday.
    Antaike expects Yunnan province to have 1.
    88 million tons of new aluminum capacity next year, compared with 1.
    63 million tons
    this year.

    The demand side has now entered the peak consumption season in September, but the demand guidance has not yet appeared, and the overall supply and demand performance is relatively weak
    .
    The overseas epidemic has been repeated, and there is uncertainty
    about the economic impact of the epidemic.
    From the perspective of the future market, the supply side accelerates with the resumption of production of aluminum enterprises, and the production capacity of the supply side is further released, while the downstream start remains stable, and the rapid rise in supply has suppressed the price of electrolytic aluminum to a certain extent
    .
    It is expected that the short-term aluminum price trend will be mainly adjusted by
    shocks.
    In the context of the current uncertain macro situation, you can consider entering the market in an appropriate amount
    to short.

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