echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on March 30

    Brief review of Shanghai aluminum on March 30

    • 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

    Today's Shanghai aluminum intraday volatility declined, as of the close of 3 pm, the main 2105 contract closed down 0.
    6% to 17345, down 105
    from the previous trading day.
    From the overall trend, the aluminum price shock trend has not ended, does not rule out the short-term adjustment, there is still a chance to rebound, but fear of rebound space is limited, short-term temporary attention to 17000-17500 range shock, operationally recommended to buy on demand
    .
    Spot aluminum prices are expected to fall
    tomorrow.

    Shanghai aluminum

    On the supply side, although the production of electrolytic aluminum was reduced by 400,000 tons in March, including the pressure of the Inner Mongolia dual-control policy, the supply side did not show weakness
    .
    Electrolytic aluminum production in March rose 10.
    7% year-on-year to 3.
    344 million tons, net imports fell 25% year-on-year to 100,000 tons, and the overall supply side rose 11.
    1% to 3.
    44 million tons as a record high.

    At present, the profit of electrolytic aluminum enterprises has reached more than 3700 yuan / ton, and the future supply side is expected to remain strong under high profits
    .

    Affected by the base, the year-on-year growth of demand is expected to reach 17.
    8%.

    The peak demand season at the end of March is coming, the consumption side is more seriously suppressed under the high price of aluminum, the aluminum price has been rumored to reduce production brought about by the two double control and carbon peaking policies, the actual supply side this year is not weak, electrolytic aluminum production is at a historical high, imports have also increased year-on-year, the basic plate has not reached the corresponding height, and the peak season performance will be doubtful
    .

    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.