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    Home > Chemicals Industry > New Chemical Materials > The support below the aluminum price is still strong, maintaining a high volatility market

    The support below the aluminum price is still strong, maintaining a high volatility market

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Last week, Shanghai aluminum maintained last week's wide range of volatility market, aluminum prices fluctuated steadily during the week, the main force overall maintained above 17,000 fluctuations, the lower support is still strong, as of the close, up 0.
    38%
    from the previous week.

    Aluminum prices

    Last week, Lun aluminum continued last week's volatile market, and Intraweek Lun aluminum rushed unsuccessful, falling to around 2100 during the session, a cumulative decline of 0.
    9% from last week; However, in the context of the current global economic recovery, the outlook for aluminum prices is still good, coupled with inflation expectations are still there, in the medium and long term, macro faces aluminum prices still have some favorable support, short-term aluminum or maintain a high range of shock, pay attention to the 2120-2240 range fluctuations
    .

    In terms of the market, the price is unstable, the downstream market is hesitant to enter the market, and the main purchase is on-demand, and the transaction is mostly reflected in the
    traders.
    East China: last week's electrolytic aluminum inventory continued to accumulate, after the Spring Festival has risen by more than 50%, but macro expectations are good, market confidence is acceptable, the overall center of gravity of electrolytic aluminum prices during the week has moved up, during the period of volatility is more violent, as of last Friday, East China spot aluminum prices in 17350-17390 yuan / ton, up 270 yuan / ton from last Friday, spot discount 30
    。 South China: As of Friday, Foshan Nanhai aluminum ingot ticket price between 17540-17640 yuan / ton, up 190 yuan / ton month-on-month, the market is abundant, holders are worried about the price falling, high shipments positive, it is understood that the current orders of aluminum profile downstream enterprises are not as expected, dragging down market transactions
    .

    At present, affected by the supply-side reform and the production reduction policy in the Mengdong region, electrolytic aluminum production capacity may be narrowed during the year, and the recent focus on carbon neutrality views will further promote the development of downstream emerging industries, demand or further rise, in the medium and long term we are still more optimistic about aluminum prices, but in the short term due to market sentiment fluctuations, aluminum prices or maintain a high level of volatility market, the main force can pay attention to fluctuations in the range of 1.
    7-17,600, and the trend of spot aluminum is expected to stabilize
    .

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