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    Home > Chemicals Industry > New Chemical Materials > Trade dispute concerns rekindle aluminum, which continues to come under pressure

    Trade dispute concerns rekindle aluminum, which continues to come under pressure

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Overnight LME March electronic trading closed at $1965/ton, down 0.
    68%; The Shanghai aluminum 1812 contract closed at 14070 yuan / ton at night, down 0.
    35%.

    Period aluminum

    In terms of inventory, LME aluminum inventory was 1048825 tons, an increase of 200 tons compared with the previous trading day, and the aluminum warehouse receipt of the previous period was 620556 tons, an increase of 500 tons
    compared with the previous trading day.

    In terms of spot, the Shanghai transaction concentration was 14020~14030 yuan / ton, the discount for the month was 60~50 yuan / ton, the Wuxi transaction concentration was 14020~14030 yuan / ton, and the Hangzhou transaction concentration was 14050~14070 yuan / ton
    .
    Today's circulating supply is more sufficient, traders often ship actively for long orders at the end of the month, and the spot transaction price is lower than the previous day, the downstream price is more recognized, the willingness to receive goods has improved, and the overall transaction is more active
    .
    In the afternoon, the aluminum price fluctuated downward, and the spot transaction price in East China was concentrated between 14030~14040 yuan / ton, and the trading between traders was more active, but only part of the transaction
    was promoted.

    In terms of alumina, Guiyang's first-class alumina quotation was 3100 yuan / ton, unchanged from the previous trading day; Shanxi first-class alumina quotation was 3070 yuan / ton, unchanged from the previous trading day; Henan primary alumina quotation of 3080 yuan / ton, unchanged
    from the previous trading day.

    In terms of news, US Trump once again expressed his views on Sino-US trade issues, triggering market concerns about huge tariffs, the metal market generally fell, and Lun aluminum hit a price low in half a year
    .
    In the past two days, Shandong, Jingwei Plain and Lüliang have respectively released peak shift production plans for autumn and winter 2018-2019, and alumina and electrolytic aluminum that meet the excessive emission limits can be exempted from production
    restrictions.
    The decline in economic growth means that this downstream consumption is facing a test, the supply side is expected to further shrink and the expectation is disappointed, and aluminum prices are under pressure to decline, forcing high-cost production capacity to reduce production, becoming a situation
    that is not broken.

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