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    Home > Chemicals Industry > New Chemical Materials > The trend of inventory accumulation is gradually rising, and it is difficult for aluminum prices to continue to rise in the short term

    The trend of inventory accumulation is gradually rising, and it is difficult for aluminum prices to continue to rise in the short term

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    This week, the trend of aluminum prices stabilized, with Lun aluminum rising by about 2% and Shanghai aluminum falling by 0.
    78%; During the week, the political turmoil in the United States gradually eased, and the macro level stabilized again, but the trend of domestic inventory accumulation gradually rose, aluminum prices may be difficult to continue to rise, short-term or maintain weak volatility operation, Shanghai aluminum main focus on 1.
    51-15,700 range fluctuations, Lun aluminum focus on 1980-2080 range
    .

    Aluminum prices

    This week, the trend of Shanghai aluminum tends to be volatile, and the overall is stable, with a cumulative weekly decline of 0.
    78%; Macro fluctuations in the week frequently affected aluminum prices, and on the other hand, domestically, the social inventory gradually entered the accumulation stage under the seasonal weakening of consumption, the inventory inflection point has appeared, in the short term, in the context of weak fundamentals, aluminum prices are difficult to rise sharply, the main force or maintain in the range of 1.
    51-15,600 range shock operation, the overall trend is stable and weak, spot in the below 15,000 still has strong support, it is expected that next week's spot aluminum trend continues to fluctuate, or there is a slight weakness
    .

    This week, Lun aluminum fluctuated upward, and Lun aluminum rose again during the week, the highest rose to 2074 US dollars / ton, but it failed to effectively stand, and the overall oscillation was in the 2010-2050 range, a cumulative increase of more than 2.
    1% from last week; The US political situation in the week was turbulent again, but Biden's election has become a foregone conclusion, Trump has also compromised, the market generally has strong expectations for the follow-up stimulus policy in the United States, short-term expected Lun aluminum or maintain a strong trend, it is recommended to continue to pay attention to the follow-up policy landing effect, Lun aluminum above continue to look at the 2100 pressure level, pay attention to the 1980-2080 range fluctuations
    .

    In terms of the market, the holders mostly maintain stable shipments, but due to the large fluctuations in the market, traders operate more frequently, driving market transactions, but downstream enterprises are worried that prices continue to fall, the enthusiasm for stocking is not high, just need to receive goods, and the market transaction is limited
    .

    East China: macro factors disturbance, coupled with the resurgence of the epidemic in Hebei, market confidence has been hit, aluminum prices fluctuate greatly this week, the overall operating range of spot aluminum in East China is 1.
    55-15,700, as of Friday around 15,710 yuan / ton, the overall performance is stable compared with before the New Year's Day, spot premium 40 yuan, slightly down
    .

    South China: As of Friday, the price of Foshan Nanhai aluminum ingot tickets was between 15970-16070 yuan / ton, down 50 yuan / ton from before the holiday, slightly inferior to East China, the local market is relatively abundant, downstream processing enterprises pre-holiday stock is not obvious, more on-demand procurement, the overall transaction is average
    .

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