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    Home > Chemicals Industry > New Chemical Materials > There is pressure above the aluminum price and the price is running weakly

    There is pressure above the aluminum price and the price is running weakly

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2012 contract opened at 15415 yuan / ton, the highest intraday 15460 yuan / ton, the lowest 15285 yuan / ton, settled 15380 yuan / ton, and closed at 15390 yuan / ton, down 80 yuan
    .
    Today's Shanghai aluminum is running weakly, and the destocking pattern is still continuing, but the supply of electrolytic aluminum is steadily rising, scrap aluminum imports may increase, and there is pressure
    above aluminum prices.

    Aluminum prices

    Today, LME three-month aluminum was reported at 1950.
    5 US dollars / ton at 15:00 Beijing time, down 2.
    5 US dollars, or 0.
    13%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 15570-15610 yuan / ton, down 70 yuan; Guangdong South Reserve reported 15570-15630 yuan / ton, down 70 yuan; Hua reported 15680-15700 yuan / ton, down 80 yuan
    .
    The supply of circulating goods is tight, traders are active in receiving goods, large households are generally enthusiastic about receiving goods, and the overall transaction is good
    .

    According to the National Bureau of Statistics, China's aluminum production reached a record high in October, up 9.
    7 percentage points year-on-year, as new smelting capacity was put into operation to profit
    from rising aluminum prices.
    China produced 3.
    2 million mt of primary aluminum last month, up 1.
    2%
    from 3.
    162 million mt in September.

    High profits in the electrolytic aluminum industry spurred the release of new smelting capacity, China's primary aluminum production in October hit a record high, up 9.
    7% year-on-year to 3.
    2 million tons, consulting agencies said that China's annual production capacity in October was newly put into production of 245,000 tons, and spot aluminum prices are expected to fall
    .

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