echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The epidemic affected procurement and transportation, and the Shanghai aluminum plate fluctuated and fell

    The epidemic affected procurement and transportation, and the Shanghai aluminum plate fluctuated and fell

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Yesterday's Shanghai aluminum main 2205 contract opened at 22865 yuan / ton in the morning, the afternoon market fluctuated down, the lowest level of the day to 22645 yuan / ton, the afternoon rose slightly, and finally closed at 22730 yuan / ton, closing a negative column, down 205 yuan / ton from the previous trading day, down 0.
    89%.

    Shanghai aluminum

    Yesterday's aluminum prices were weak and volatile, mainly due to poor procurement and transportation under the influence of the epidemic
    .
    At present, European energy prices are at a high level, and concerns about electrolytic aluminum production reduction still exist
    .
    Domestically, the operating capacity of electrolytic aluminum has increased slightly, and Yun Aluminum recently announced that 700,000 tons of hydropower aluminum production capacity has been fully completed, and there will be a successive release of production
    .

    In terms of consumption, downstream consumption has just needed a seasonal slow recovery, and the operating rate of aluminum profiles and aluminum plates, strips and foils has rebounded, but the current outbreak of the epidemic in various places may suppress demand
    .

    In terms of inventory, on March 31, domestic aluminum ingot stocks were 1.
    041 million tons, 02,000 tons
    more than last Thursday.
    LME aluminum stocks fell by 7,625 tonnes from the previous session to 647,000 tonnes
    on March 31.
    Social library data shows that inventory has accumulated slightly, a large number of aluminum ingots are not stored in time, and the reduction in logistics efficiency directly leads to the weakening of aluminum ingots and aluminum rods, and it is expected that short-term logistics will still be difficult to alleviate
    .
    The epidemic has also disrupted downstream starts
    .

    In terms of price, it is necessary to continue to pay attention to the progress of domestic electrolytic aluminum production and the recovery of downstream demand, the recent development of the epidemic has caused certain interference to transportation and procurement, but the low level of inventory at home and abroad has supported the price, it is recommended to treat it unilaterally in the short term, and pay attention to the impact
    of news on prices.

    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.