echemi logo
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum trend is strong, the macro atmosphere is warm overall

    Shanghai aluminum trend is strong, the macro atmosphere is warm overall

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit

    Today's Shanghai aluminum main month 2106 contract opened at 18505 yuan / ton, the highest intraday 19000 yuan / ton, the lowest 18450 yuan / ton, settled 18740 yuan / ton, and closed at 18865 yuan / ton, up 430 yuan
    Today's Shanghai aluminum trend is strong, the macro atmosphere is generally warm, inventory dematerialization is still continuing, the release of new production capacity is slow, and overseas market demand has recovered

    Shanghai aluminum

    Today, LME three-month aluminum opened higher, LME three-month aluminum Beijing time at 15:01 at 2425.
    5 US dollars / ton, up 25.
    5 US dollars, or 1.
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River was 18700-18740 yuan / ton, up 320 yuan; Guangdong South Reserve reported 18710-18770 yuan / ton, up 320 yuan; Hua reported 18820-18840 yuan / ton, up 330 yuan
    Cargo holders cover the goods and sell, downstream fears heights and waits and sees, and the overall transaction is not happy

    In terms of news, the peak season consumption expectation has not changed, aluminum ingots and aluminum rods have gone to the warehouse again, under the goal of carbon neutrality, the capacity and output awards of high-energy-consuming industries are limited, and spot aluminum prices are expected to rise

    Subsequently, under the fundamental logic of tightening the marginal growth rate of supply, stable downstream starts, and a trend of destocking the social treasury, the bottom of aluminum prices is still supported
    However, the current high aluminum price has also had an impact on the downstream procurement willingness, and the short-term performance of aluminum prices is volatile, but the long-term aluminum price trend center of gravity is still upward

    This article is an English version of an article which is originally in the Chinese language on and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to with relevant evidence.