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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on March 31

    Shanghai aluminum afternoon review on March 31

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    The dollar rose sharply overnight, and the Shanghai aluminum shock retreated
    This week, the social inventory of aluminum ingots and aluminum rods continued the trend of destocking, and the volume of aluminum prices last week increased significantly
    In the case of Inner Mongolia's production reduction and the expectation of the national reserve dumping reserve, the downstream feedback orders are sufficient, the peak season consumption is optimistic, and the expectation of destocking will be gradually corrected

    Shanghai aluminum

    In terms of fundamentals, the current 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, but the recent closure of the import window or affect the later import volume, which can also be seen that the current aluminum price is in a pattern of external strength and internal weakness

    In terms of demand, high-priced aluminum still has a certain restrictive effect on the downstream, the willingness to receive goods is not high, the discount pattern is reproduced, the processing fee has not shown signs of rising, and the high-price procurement is still relatively cautious
    However, in general, the accumulation of aluminum social inventory has ended, and the market hopes that the destocking will continue to support aluminum prices
    The fundamentals are in the stage of divergence between expectations and the present, that is, the expected peak season has not been cashed in by the market, the performance of the downstream and downstream of high-priced aluminum has not exceeded expectations, and the transmission is not smooth, but the downstream of the peak season is also wrapped into the market, and there is a situation
    where it has to be purchased at a high price.
    Under the game between funds and entities, aluminum prices may enter a wide range of shock sorting stage, during which investors can pay more attention to indicators such as downstream processing fees and social inventory

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