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    Home > Chemicals Industry > New Chemical Materials > There is a lag in the recovery of downstream consumption The supply side of the aluminum market is relatively excessive

    There is a lag in the recovery of downstream consumption The supply side of the aluminum market is relatively excessive

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Aluminum market summary: the spread of overseas epidemic threatens commodity demand, overnight Lun aluminum closed down $11 to a three-year low, downstream consumption recovery is sluggish, supply side relative excess, is expected to fall slightly on Friday
    .

    Futures market: the spread of overseas epidemic threatens global economic growth and commodity demand, overnight Lun aluminum came under pressure downward, fell to a three-year low, the latest closing quotation of 1691 US dollars / ton, down 11 US dollars, the volume of 12210 lots increased by 2438 lots, the position 736646 lot decreased by 2774 lots
    .
    There is no evening Shanghai aluminum data
    .

    London Metal Exchange (LME) on February 27, the latest inventory of London aluminum reported 1092275 metric tons, down 11,300 metric tons, or 1.
    02%, from the previous trading day, and fell 11.
    90%
    in the last 12 trading days.

    On February 27, the domestic spot aluminum price fell slightly, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 13380 yuan / ton, down 50 yuan; The price of Chinalco East China AOO aluminum ingots was 13410 yuan / ton, down 50 yuan
    .
    Rusal said that the epidemic is expected to lead to low aluminum demand in China in the first half of the year, and the oversupply is expected to increase; Domestic aluminum ingot social inventory continues to accumulate, downstream consumption recovery is delayed, supply side is relatively excessive, spot aluminum prices are expected to fall
    slightly on Friday.

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