echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The decline in inventories significantly boosted aluminum prices and sorted out

    The decline in inventories significantly boosted aluminum prices and sorted out

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, due to the lack of guidance for the external market to close, the market sentiment was more cautious, Lun aluminum shock closed down $1, aluminum consumption recovered well, inventory decline significantly boosted aluminum prices, it is expected that Shanghai aluminum is strong today, now aluminum or rise
    .

    Aluminum prices

    The LME market was closed due to the Easter holiday, and the domestic market lacked guidance, and investors were slightly cautious; Today's Shanghai aluminum opened high, the current month 1604 contract opened at 11690 yuan, up 65 yuan, 9:20 Shanghai aluminum 1604 contract latest price was 11695 yuan, up 70 yuan; Recently, Shanghai aluminum has performed better than other metals, and the internal strength and external weakness are differentiated, and this week may continue this pattern
    .

    The London Metal Exchange (LME) is closed for the Easter holiday
    .
    There is no data
    on the inventory of Lun aluminum.

    Last week, domestic spot aluminum prices continued to rise, AOO aluminum ingot weekly average price of 11486 yuan / ton, both up 36 yuan, up 1.
    59% from the previous week, Chinalco East China AOO aluminum ingot weekly average price reported 11488 yuan / ton, both up 32 yuan / ton; Supported by the recovery of seasonal demand, aluminum prices have performed strongly recently, and the profit data of China's industrial enterprises for January-February released over the weekend has improved market confidence, and spot aluminum is expected to continue to rise
    today.

    As of March 24, 2016, 590 listed companies had received government subsidies totaling RMB23.
    213 billion
    .
    Among them, 300 listed companies have received government subsidies
    of more than 10 million yuan.
    Flush statistics show that the amount of government subsidies received by Chinalco has risen
    sharply since 2012.
    From 2012 to 2015, the company received government subsidies
    of 744 million yuan, 824 million yuan, 824 million yuan and 1.
    769 billion yuan respectively.
    It can be said that in the past four years, the company has received about 4.
    2 billion yuan of "blood transfusion" from the government.

    This article is an English version of an article which is originally in the Chinese language on echemi.com 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 service@echemi.com. 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 service@echemi.com. It will be replied within 5 days.

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