echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The scale of production cuts continues to expand, and Shanghai aluminum may still be boosted

    The scale of production cuts continues to expand, and Shanghai aluminum may still be boosted

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, Shanghai aluminum fluctuated slightly, spot flat water, and the two coming long and short were reducing positions
    .
    This week, Yulin, Guangxi, and Guizhou successively issued notices of production and power restrictions, and subsequent policies may be introduced in Qinghai, Ningxia and other places, and the scale of production cuts continues to expand, and Shanghai aluminum may still be boosted
    .
    This week, the social inventory of aluminum ingots increased slightly, and after high aluminum prices suppressed consumption and the import window continued to open, pay attention to the changes
    in peak season inventory.
    Before the holiday, Shanghai aluminum or maintain the shock adjustment waiting for new opportunities, wait and see
    for the time being.

    Shanghai aluminum

    Foshan aluminum: 9/17 Nanchu Foshan aluminum ingot quotation 22750-22810 yuan, the average price of 22780 yuan, flat, up 40
    to the month.
    Aluminum prices are basically stable during the day, spot stocks are stable and strong, holders are waiting for large households to enter the market, the premium is reported at an average price, and some large traders continue to actively receive goods for the last few days of the month, and the transaction is better
    .
    After the subsequent price fell sharply, it rebounded, and some holders reported a premium of -100~0 yuan shipment, and the receiver purchased a small amount of low-priced goods, and the transaction turned weak
    .
    The spot transaction price is concentrated in 22680-22780 yuan, which is a premium of -100~0 yuan
    compared with the average price of Foshan in the South Reserve.

    Wuxi aluminum: 9/17 Nanchu Wuxi aluminum ingot quotation 22710-22750 yuan, the average price of 22730 yuan, up 10, the month posted 10
    .
    The East China market picked up during the day, Shanghai aluminum fluctuated up in early trading, the receiving party was bullish and actively entered the purchase, the holders generally quoted firmly, the premium remained near the average price, and the trading atmosphere was good
    .
    In the later stage, the overall market rebounded after a sharp decline, the shipper premium reported -100~0 yuan, the willingness of the receiver to enter the market weakened, the market was more and less and the trading was weak
    .
    The spot transaction price is concentrated between 22630-22730 yuan, which is -100~0 yuan
    higher than the average price of Nanchu Wuxi.

    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.