echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on April 12

    Brief review of Shanghai aluminum on April 12

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Dragged down by the fall of surrounding metals, the center of gravity of Shanghai aluminum today moved down, with a large decline in the morning and a narrowing in the afternoon, and the main 2105 contract closed at 17395 at the end of the day, down 115 yuan, or 0.
    66%
    from the previous trading day.

    Shanghai aluminum

    In the industry, on April 08, the domestic electrolytic aluminum social inventory was 1.
    233 million tons, with no increase
    or decrease.
    As of early March, the national electrolytic aluminum operating capacity reached 39.
    68 million tons, the effective built production capacity was 43.
    54 million tons, and the operating rate of electrolytic aluminum enterprises was 91.
    1%.

    In terms of raw materials, from the perspective of cost, alumina production increased significantly year-on-year, prices are still running at a low level, pre-baked anode manufacturers have strong raw material support, and prices have risen as scheduled; Inner Mongolia energy consumption dual control continuous fermentation compression electrolytic aluminum production capacity
    .

    On the demand side, aluminum die-casting companies are facing cost pressure, the current demand is still just bargain hunting, raw material inventory levels are low, the automotive industry due to the "lack of cores", the production of parts of the enterprise orders have decreased
    .

    On the whole, the expected narrowing of supply brought about by carbon neutrality continues to have an impact, consumption expectations are better, the inflection point of inventory has arrived, and the rumor of dumping storage is unresolved as the current risk point
    .
    Under the high profit of electrolytic aluminum, beware of the pressure brought by the supply side, short-term aluminum prices are still difficult to have excellent performance, continue to pay attention to the early 1.
    72-17,600 range
    .
    It is expected that tomorrow's spot aluminum may stop falling, and downstream companies can
    buy it on demand.

    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.