-
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
Recently, the trend of Shanghai aluminum is still quite firm, the overall bullish atmosphere of the market is strong, and the aluminum price is still in a situation where it is easy to rise and fall in a short period of time; At present, domestic downstream demand remains strong, and although the production capacity of aluminum enterprises is still accelerating, market supply and demand can still maintain a balance
.
This week, the trend of London aluminum gradually stabilized, compared with last week, there was a slight decline, but the overall still at a high level; As the positive news such as Biden's victory in the early stage was gradually digested, the market began to enter a wait-and-see situation waiting for the announcement of a new round of policies, and Lun Aluminum also fell into a range-bound pattern again, repeatedly testing the $2,000 mark
.
In terms of the market, spot aluminum prices exceeded 10,000, hitting a new high
since 2017.
The weekly average spot price of Yangtze River was 16,012 yuan / ton, up 302 yuan / ton compared with the same period last week, and the weekly average price of Nanchu spot was 16,112 yuan / ton, up 398 yuan / ton
compared with the same period last week.
This week, the supply side came with the news of the power supply of Shanxi Zhongrun and Yunnan Qiya, but the new production projects in the early stage were basically stagnant, and there was no more production capacity, and the overall supply side was relatively stable
for the time being.
On the demand side, although the social inventory of aluminum ingots rose slightly during the week, but on the whole, it still showed a decline month-on-month, and the inventory in Henan and South China rose slightly this week, due to the heating season in Henan superimposed on the production of environmentally friendly aluminum downstream processing enterprises, the start was generally low, and the inventory of aluminum ingots increased slightly; In South China, it was caused by the arrival of some goods
.
Up to now, the large players in the spot trade market have moved frequently, receiving a large number of goods, but other traders and downstream processing enterprises have maintained a wait-and-see situation in the face of high aluminum prices, supply and demand are slightly deadlocked, and the overall trading is general
.
According to statistics, the domestic mainstream consumption of electrolytic aluminum social inventory in 596,000 tons, nearly 200,000 tons lower than last year, comprehensive consideration of subsequent arrivals and downstream consumption, it is expected that the short-term accumulation range is limited, low inventory on the driving force of aluminum prices is still strong
.
SHFE aluminum inventories decreased by 11,718 tonnes to 220373 tonnes weekly, and warehouse receipt inventories decreased by 16,650 tonnes to 93,686 tonnes
.
In the short term, the source of aluminum ingots will not be quickly replenished, and the market circulation source will remain tight, while downstream demand is reduced due to high aluminum prices, but there is still some support, and it is expected that aluminum prices will continue to fluctuate
strongly in the later period.
