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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on January 2

    Shanghai aluminum afternoon review on January 2

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    During the New Year's Day holiday, domestic Shanghai aluminum did not open
    .

    Shanghai aluminum

    At present, from the supply side, the new production reduction rate of the electrolytic aluminum industry in the past month has slowed down significantly, and the marginal reduction has narrowed; On the demand side, according to SMM research, the downstream pre-Spring Festival shutdown holiday is mostly concentrated on January 15-20, and the weakening of consumption is a definitive event, but it is expected that there will be a concentrated wave of replenishment downstream around January 10; From the cost side, after New Year's Day, under the background of the improvement of the capital situation of alumina plants, the short-term decline in alumina prices is expected to slow down, but in the medium term, from the perspective of global supply and demand pattern, alumina is still under pressure
    .

    On the whole, electrolytic aluminum is difficult to say that the market continues to rise, paying attention to today's inventory changes and alumina prices, it is expected that today's Shanghai aluminum main contract operating range of 13435-13565 yuan / ton, spot discount 60-20 yuan / ton
    .

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