echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Aluminum price volatility is stable, short-term or continue to high

    Aluminum price volatility is stable, short-term or continue to high

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last week, aluminum prices fluctuated steadily, with London aluminum rising 0.
    9% and Shanghai aluminum falling 0.
    71%; At present, the domestic fundamentals are still slightly weak in the off-season, but the market is looking forward to the upcoming peak season demand, and the macro favorable policy has also boosted aluminum prices to a certain extent, and the spot aluminum shock is strong, Shanghai aluminum mainly focuses on 1.
    45-14,900 range fluctuations, Lun aluminum focuses on 1760-1810 US dollars
    .

    Aluminum prices

    Last week, the Lun aluminum shock was stable, with a cumulative weekly increase of 0.
    90%; At the same time, the Federal Reserve announced a new policy framework, introduced an average inflation target, and strengthened the expectation of zero interest rates to bring certain benefits to the non-ferrous metals market; In the short term, Lun aluminum or continue to test the 1800 pressure level, material Lun aluminum or oscillation is strong, pay attention to 1760-1810 US dollars
    .

    In terms of the market, the carrier ships steadily, the market supply is relatively abundant, the downstream enterprises mainly receive goods on demand, a small number of enterprises are optimistic about the demand in the peak season after the market, there is a stocking phenomenon, and the overall market transaction is average
    .
    East China: The US dollar stopped falling, coupled with the influence of the domestic electrolytic aluminum market off-season, weak demand, aluminum price upward support is not enough, the overall performance this week focus downward, as of Friday, East China spot aluminum prices between 14660-14700 yuan / ton, down 160 yuan / ton from last Friday, spot premium slightly fell to 30 yuan / ton
    。 South China: As of Friday, the price of Foshan Nanhai aluminum ingot ticket was between 14990-15090 yuan / ton, down 50 yuan / ton from last Friday, and the South China market performed significantly better than the East China market this week, and the price resistance was obvious; The downstream enterprises are able to receive goods, the market hopes for peak seasons, and the overall transaction is acceptable
    .

    In terms of stocks, last week's domestic social electrolytic aluminum stocks were 112,000 tons in Shanghai, 24.
    3 tons in Wuxi, 98,000 tons in Hangzhou, 53,000 tons in Gongyi, 185,000 tons in the South China Sea, 55,000 tons in Tianjin, 7,000 tons in Linyi, 02,000 tons in Chongqing, and aluminum ingot stocks in consumption totaled 755,000 tons, down 07,000 tons from the previous Thursday to 755,000 tons
    .

    The trend of Shanghai aluminum was slightly weaker during the week, with a cumulative weekly decline of 0.
    71%; As it is still in the off-season, the domestic supply and demand side still weakens, and the supply is increasing under the demand has not yet improved, and the growth rate of aluminum prices has slowed down under the long-short game; However, the market has strong expectations for the peak season demand in September and October, and in the case of small accumulation in the off-season, domestic inventories are still at a relatively low level, forming a strong support for aluminum prices; in the short term, Shanghai aluminum or continue to fluctuate at a high level, and the main force can focus on the range
    of 1.
    45-14,900.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.