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    Home > Chemicals Industry > New Chemical Materials > Weakening of terminal demand in the aluminum market Loose costs have dragged down aluminum prices

    Weakening of terminal demand in the aluminum market Loose costs have dragged down aluminum prices

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Overnight LME March electronic trading closed at $2037.
    5/ton, down 0.
    92%; In the domestic aluminum market, the Shanghai aluminum 1811 contract closed at 14355 yuan / ton at night, down 1.
    03%.

    Aluminum City

    In terms of inventory, LME aluminum stocks were 948425 tons, down 7,525 tons from the previous trading day, and the aluminum warehouse receipts in the previous period were 651836 tons, an increase of 702 tons
    from the previous trading day.

    In terms of spot, Shanghai trading concentrated 14360~14400 yuan / ton, discount for the month 30~20 yuan / ton, Wuxi transaction concentrated 14360~14400 yuan / ton, Hangzhou transaction concentrated 14400~14420 yuan / ton
    .
    Holders of stable shipments, some middlemen choose to purchase spot to pay long orders, aluminum prices are down, downstream enterprises choose to wait and see, and the overall transaction is colder
    than the previous day.
    In the late afternoon, aluminum continued to decline that month, and the transaction price in East China was 14340~14370 yuan / ton
    .

    In terms of alumina, East China alumina quoted 3190 yuan / ton, down 90 yuan / ton from the previous trading day; Central China first-class alumina quotation was 3140 yuan / ton, down 100 yuan / ton from the previous trading day; North China primary alumina quotation of 3140 yuan / ton, down 100 yuan / ton
    from the previous trading day.

    In terms of news, Hydro Alunorte alumina resumption plan has put pressure on overseas alumina prices, and domestic oxidation prices have not fallen to varying degrees, weakening aluminum price support and falling aluminum prices
    .
    Shandong Linyi introduced a winter production restriction policy, limiting the production of electrolytic aluminum production line by 30%, and only Huayu Aluminum has 200,000 tons of electrolytic aluminum production capacity, and the number of production restrictions is limited
    .
    During the National Day period, the number and price of real estate transactions in various places were not satisfactory, terminal demand weakened, and the improvement of aluminum consumption driven by the increase in export tax rebates remained to be seen, and the loose cost dragged down and weakened aluminum prices
    .

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