echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Aluminum prices are strong and volatile, and the fundamentals maintain a pattern of strong supply and weak demand

    Aluminum prices are strong and volatile, and the fundamentals maintain a pattern of strong supply and weak demand

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum prices fluctuated
    strongly yesterday.
    The main force of Shanghai aluminum fell back in overnight trading, with strong volatility during the day, closing up 1%.

    Boosted by the overseas energy crisis and Sichuan's sudden production cuts, aluminum prices are running strongly, but domestic fundamentals may maintain a pattern of weak supply and demand, and the upward drive is weak
    .

    Aluminum prices

    According to the latest data from the General Administration of Customs, the export volume of unwrought aluminum and aluminum products in July 2022 was about 652,200 tons, an increase of 7.
    38% month-on-month and 39.
    05%
    year-on-year.
    From January to July 2022, the export volume of unwrought aluminum and aluminum products was 4.
    1606 million tons, an increase of 34.
    9%
    over January to July last year.

    Overseas, European energy prices are still at a high level recently, and it is expected that overseas smelters will not be able to resume production in the short term, and if the energy problem continues to ferment, there is a possibility
    of production reduction and expansion.

    Domestic supply remains high, and it is necessary to pay attention to the power supply at high temperatures
    .
    In terms of demand, the market transaction is general, and the overall maintenance is mainly demand-based
    .
    In terms of inventory, the social inventory of electrolytic aluminum showed a small accumulation, due to poor market transactions, there is still accumulation pressure
    in the later aluminum ingot inventory.

    In terms of price, low inventory and marginal cost support below aluminum prices, the recent energy crisis and aluminum plant accidents have stimulated prices, but long-term supply pressure and consumption has not improved to a certain extent on the price rebound height, it is recommended to be short-term neutral treatment, need to pay attention to the impact
    of macro on market sentiment.

    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.