echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The transaction activity of the aluminum market is general, and it is difficult for terminal consumption to improve

    The transaction activity of the aluminum market is general, and it is difficult for terminal consumption to improve

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Yesterday's national aluminum ingot social inventory accumulated 31,000 tons to 1.
    038 million tons compared with last Thursday, affected by it, Shanghai aluminum fell in early trading yesterday, from 18,650 yuan / ton all the way down to around
    18,350 yuan / ton.
    In terms of spot in East China, the shipment of holders is still positive, and the discount of aluminum in the morning is around 120-130 yuan / ton, and the actual transaction is concentrated around
    18320-18330 yuan / ton.

    Fundamentally, due to the limited impact of electricity, the production of alumina and electrolytic aluminum fell year-on-year in October, but the import volume of unwrought aluminum and aluminum products in October increased
    sharply year-on-year.
    Recently, overseas aluminum companies are actively planning to expand production and expansion, and the domestic Guangxi region has reduced production again, and aluminum companies are not willing to resume production due to cost problems, and because of the impact of environmental protection tasks and dual control policies on energy consumption of the Winter Olympics, electrolytic aluminum production capacity may be further compressed
    .

    Consumers on the consumer side adjust prices and shipments, receivers buy at the low, transaction activity is general, due to the reduction of the impact of power cuts and the obvious pullback in aluminum prices, the willingness to replenish downstream stocks has increased, and the operating rate of downstream enterprises has also continued to pick up, but due to factors such as the shortage of automotive chips and the real estate recession, the degree of consumption recovery is relatively limited
    .

    In terms of inventory, according to the latest inventory data, domestic aluminum ingot society accumulation, Wuxi, Gongyi and other regions continue to accumulate.

    In terms of price, it is necessary to pay attention to the changes in the lower limit of production in the heating season, but considering that it is difficult for terminal consumption to improve and drag down aluminum prices, it is recommended to be cautious and bearish
    in the short term.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.