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    Home > Chemicals Industry > New Chemical Materials > The supply-side tightening expectation fell short and aluminum was under pressure during the period

    The supply-side tightening expectation fell short and aluminum was under pressure during the period

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Overnight LME March electronic trading closed at $1978.
    5 / ton, down 1.
    37%; The Shanghai aluminum 1812 contract closed at 14125 yuan / ton at night, down 0.
    42%.

    Period aluminum

    In terms of inventory, LME aluminum stocks were 1048625 tons, down 550 tons from the previous trading day, and the aluminum warehouse receipt in the previous period was 620056 tons, down 2359 tons
    from the previous trading day.

    In terms of spot, the Shanghai transaction concentration is 14100~14120 yuan / ton, the discount for the month is 70~60 yuan / ton, the Wuxi transaction concentration is 14100~14120 yuan / ton, and the Hangzhou transaction concentration is 14130~14150 yuan / ton
    .
    During the day, middlemen received goods positively, some traders thought that the basis was suitable for shipment to receiving, and the downstream basically purchased on demand, and there was not much bright spot
    .
    The actual transaction volume of the Guangdong market is concentrated in 14210~14220 yuan / ton, the price difference between Guangdong and Shanghai has expanded to around 110 yuan / ton, and Chinalco has not received goods in Guangdong, and the overall trading of the market is slightly light
    .

    In terms of alumina, Guiyang primary alumina quotation was 3100 yuan / ton, up 40 yuan / ton from the previous trading day; Shanxi first-class alumina quotation was 3070 yuan / ton, up 10 yuan / ton from the previous trading day; Henan first-class alumina quoted 3080 yuan / ton, up 15 yuan / ton
    from the previous trading day.

    In terms of news, the year-on-year growth rate of industrial enterprise profits fell to a six-month low in September, the stock market fell sharply again, market pessimism dragged aluminum prices down, and Lun aluminum hit a price low in nearly half a year
    .
    In the past two days, Shandong, Jingwei Plain and Lüliang have respectively released peak shift production plans for autumn and winter 2018-2019, and alumina and electrolytic aluminum that meet the excessive emission limits can be exempted from production
    restrictions.
    The decline in economic growth means that this downstream consumption is facing a test, the expectation of further contraction on the supply side is disappointed, and aluminum prices are under pressure to decline
    .

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