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    Home > Chemicals Industry > New Chemical Materials > Overseas supply uncertainty supports external market short-term domestic aluminum price decline is limited

    Overseas supply uncertainty supports external market short-term domestic aluminum price decline is limited

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2205 contract, opening 23105 yuan / ton, the highest intraday 23210 yuan / ton, the lowest 22790 yuan / ton, settlement 23025 yuan / ton, the end closed at 22950 yuan / ton, down 75 yuan, down 0.
    33%.

    Shanghai aluminum

    Today's London aluminum volatility trend, LME three-month Beijing time at 15:01 at 3529 US dollars / ton, up 7 US dollars, or 0.
    2%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 22750-22790 yuan / ton, down 210 yuan; Guangdong South Reserve reported 22780-22840 yuan / ton, down 210 yuan; Hua reported 22800-22840 yuan / ton, down 220 yuan
    .
    Holders are weak in supporting prices, downstream bearish sentiment affects price reduction, the market presents a price without a market, and the overall transaction performance is relatively average
    .

    Dante Sinaga, president of Indonesia's Borneo Alumina Company, said on Monday that commercial operations of the company's $831.
    5 million alumina smelter will be delayed until at least July 2024
    .

    Today's Shanghai aluminum high level fall, the rapid spread of the domestic epidemic has affected economic growth and consumer demand, and the domestic resumption of production is actively progressing rapidly, but there is still uncertainty in overseas supply, supporting the strengthening of external aluminum prices, Shanghai aluminum passive following, short-term aluminum prices are easy to rise and fall, the decline is limited
    .

    In terms of news, Rusal has been hit by a new round of sanctions to exacerbate supply concerns, and Australia announced a ban on the export of alumina and aluminum ore, including bauxite, to Russia; And the domestic aluminum ingot social library has greatly dematerialized to boost the positive confidence of bulls, superimposed on the continued implementation of the domestic "dual control" policy, production capacity recovery is limited, and aluminum may rise
    .

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