-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Shanghai aluminum fluctuated overnight, and the import window was close to opening, as the recession sentiment of the external market rose, while LME aluminum stocks rebounded
.
Shanghai aluminum main 2210 closed at 18315 up 10, LME aluminum closed at 2241 down 19
.
In terms of spot on the 7th, the transaction was weak, Wuxi spot quotation slightly expanded compared with yesterday, sticking 30 to 20, Foshan spot price sentiment is strong, the average price is 10
premium.
Dutch aluminium mill Aldel halted Delfzijl's 110,000 tonnes of primary aluminum production in October last year due to high energy prices and a lack of government support, halting remaining production, but continuing to produce 50,000 tonnes of recycled aluminum
.
Yunnan hydropower is temporarily worry-free, and some aluminum plants have pressure loads, but power rationing may occur in subsequent power shortages; France's Dunkirk aluminum plant plans to cut production by 22% by about 65,000 tons due to high energy costs
.
In terms of fundamentals, SMM stocks on the 5th reported 681,000 tons, down 02,000 tons from last Thursday; during the same period, the steel union statistics aluminum rod inventory was 141,000 tons, down 07,000 tons from last Thursday; in August 2022, China exported 540,400 tons of unwrought aluminum and aluminum products, down about 111,600 tons from the previous month; the cumulative export from January to August was 4.
701 million tons, a year-on-year increase of 31.
5%; In July, China imported 192,500 tons of unwrought aluminum and aluminum products, down 38.
3% year-on-year; From January to July, the cumulative import was 1.
2765 million tons, down 28.
1%
year-on-year.
Sichuan's power rationing has been lifted, and electrolytic aluminum enterprises in the province have begun to resume production; Guizhou Yuanhao Aluminum (100,000 tons) plans to start power and put into operation at the end of September 2022, and is expected to invest 53,400 tons first; the 400,000-ton project of Chalco Liancheng Aluminum will resume production at the end of August
.
Expectations of a US dollar interest rate hike are strong, while recession sentiment in the external market is rising, and commodities are under pressure; LME aluminum inventories increased, the market was worried about the recovery of supply, suppressed LME aluminum prices, Shanghai aluminum due to the early production reduction and the subsequent Yunnan power rationing production reduction expectations, supply decline expectations strengthened, consumption performance rebounded slightly, spot performance stable
.
It is expected that the short-term Shanghai aluminum shock will be weak
.
