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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum followed the external market shock upward market procurement enthusiasm is general

    Shanghai aluminum followed the external market shock upward market procurement enthusiasm is general

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Yesterday's Shanghai aluminum main 2204 contract opened at 23325 yuan / ton in early trading, the lowest price was 23305 yuan / ton, the highest price was 23900 yuan / ton, and the final close was 23775 yuan / ton, up 485 yuan / ton from the closing price of the night, an increase of 2.
    08%.

    Shanghai aluminum

    Yesterday, Lun Aluminum rose by more than 3 percentage points, and Shanghai Aluminum followed the shock upward, reducing its net position by more than 400 lots and increasing its net position by more than 2,700 lots
    .

    In terms of the market, under the blessing of overseas energy and the soaring external market, Shanghai aluminum stood at a high level of 23,500 yuan / ton, with a single-day increase of 750 yuan / ton, in the first trading period, the South China spot market traded very little, the holder of the net discount about 40 offers, downstream wait-and-see, received very little, discount expanded, traders to maintain value plate to receive goods actively, downstream processing enterprises procurement enthusiasm is general
    .

    In terms of inventory, social treasury data showed that inventories accumulated and slowed down
    .
    On March 3, domestic aluminum ingot stocks were 1.
    12 million tons, 03,000 tons
    more than Monday.
    On March 2, LME aluminum stocks decreased by 8,650 tons from the previous trading day to 801,000 tons
    .

    In terms of domestic fundamentals, Yunnan, Inner Mongolia and other places have begun to resume production, and the process of resumption of production is uneven
    .
    The aluminum market shows a state of external strength and internal weakness, and the import window continues to close
    .
    In terms of consumption, downstream consumption just needs a seasonal slow recovery, but considering the current high aluminum prices or suppressing demand, it is necessary to pay attention to the impact
    of the epidemic and environmental protection control in the north on the downstream resumption of work.

    In terms of prices, the threat of the energy crisis to overseas electrolytic aluminum production capacity may continue, and with the resumption of construction in various places after the holiday, driven by the construction, completion and infrastructure projects of real estate stock, consumption can be expected to pick up, and it is recommended to treat it unilaterally with the idea of bargain hunting
    .

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