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    Home > Chemicals Industry > New Chemical Materials > January 12 aluminum market noon comment

    January 12 aluminum market noon comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the weakening of the US dollar is good for non-ferrous prices, and the performance of aluminum overnight closed strongly up $50; High energy costs in Europe have limited production, exacerbating the shortage of aluminum supply in industries such as construction, which may continue to rise
    today.

    Aluminum City

    Overnight, Lun aluminum opened high and rose to close in Zhongyang, closing at $
    2983.
    Thermal coal rose slightly in the evening, and Shanghai aluminum opened higher overnight to close in Zhongyang, closing at 21770
    .
    Shanghai aluminum trading is stable, positions are rising, and market sentiment is optimistic
    .
    Driven by the external disk, aluminum prices may continue to fluctuate upward in the medium term, with upper pressure of 25,000 and lower support of 20,000
    .

    In January, the domestic electrolytic aluminum operating capacity is likely to continue to increase slightly, while downstream consumption except for aluminum plate, strip and foil has signs of
    weakening.
    Although the short-term due to the strength of outbound is acceptable, coupled with the lack of arrivals leading to the continuation of destocking, but the fundamental support of aluminum prices weakened at the margin, East China spot premium narrowed by 20 yuan / ton from the previous period to around 40 yuan / ton for the current month, and the center of gravity of spot trading was 21600-21620 yuan / ton, but the downstream fear of heights was obvious, and the receipt of goods retreated
    .
    It is necessary to continue to pay attention to the fermentation of electrolytic aluminum production reduction caused by the shortage of energy in Europe and the change
    of domestic electrolytic aluminum inventory.

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