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    Home > Chemicals Industry > New Chemical Materials > Risk aversion before the holiday is strong, and the rebound of Shanghai aluminum is limited

    Risk aversion before the holiday is strong, and the rebound of Shanghai aluminum is limited

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    This week, Shanghai aluminum showed a volatile upward trend, with the main 2103 contract closing at 15555 yuan, up 550 yuan
    weekly.
    This week, Shanghai aluminum performance is strong, Shanghai aluminum 2103 contract rose sharply for two consecutive days after standing at the 15500 yuan mark, breaking through the upper pressure level, while the daily line showed a long arrangement
    .
    It is recommended to pay attention to arbitrage opportunities
    to buy near and far after the holiday.

    Shanghai aluminum

    According to Baichuan Information statistics, the weighted average of the complete cost of China's electrolytic aluminum industry including tax in January was 13135.
    3 yuan / ton, an increase of 133.
    4 yuan / ton
    from the previous month.
    The increase in the cost of electrolytic aluminum smelting was mainly due to the increase in the price of
    raw alumina and prebaked anodes.
    The profit of the electrolytic aluminum industry in January was about 2,000 yuan / ton, down nearly 1,500 yuan / ton from the previous month, but the overall profit was still considerable
    .

    On Thursday, the total domestic electrolytic aluminum social inventory was 714,000 tons, an increase of 32,000 tons from last Thursday, and Gongyi and Hangzhou contributed the main increase
    .
    At present, approaching the Spring Festival holiday, most aluminum processing enterprises have taken a holiday in advance, the operating rate of aluminum processing enterprises has declined significantly, and the social inventory of aluminum ingots may continue to increase
    in the future.

    As of February 5, the inventory of aluminum ingots in the Shanghai Free Trade Zone was 35,000 tons, an increase of 11,000 tons from the previous month, and the current aluminum ingot inventory in the free trade zone was a new high in the past five months.

    Recently, affected by pre-holiday stocks, domestic electrolytic aluminum stocks are indeed increasing, but the increase is lower than market expectations
    .
    Next week is about to start the Spring Festival holiday, the market is generally optimistic about the peak season consumer demand after the holiday, the low selling sentiment of cargo holders is stronger, the space below is limited, and the pre-holiday risk aversion is stronger, and the rebound is limited
    .

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