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Aluminum review: Chinese output is higher than the prices are still above pressures on demand

by:Deyuan      2020-12-23
【 Abstract 】 aluminum city The slow rising inflation provide basis for the fed to raise interest rates, in late night Aaron aluminum stress significantly fell 1. Excess supply 41%, worry no relief, Shanghai aluminum above confined, expect now aluminum co. , LTD.

【 The futures market 】 The United States on September CPI of record five months in line with market expectations, show that slow rising inflation, provides a foundation for the end of the fed raising interest rates, night Aaron aluminum pressure shock slump, late fell $23, latest closing price quote $1643, down to 1. Around 41%, a nearly low; Volume 17692 of an increase of 209 hands, holdings 739553 hand cut 3073 hands; Today Shanghai aluminum open slightly higher, the current month opening price 12985 yuan rose $25, 1611 contracts 9:10 Shanghai aluminum 1609 latest contract price to 13005 yuan, up 45 yuan. Aaron inventories increased pressure on aluminum, aluminum, aluminum today Shanghai or consolidation.

London metal exchange ( LME) 18 the latest inventory of 2085800 metric tons of aluminum, 2550 metric tons, more than the previous session inventories of aluminium alloy the latest inventory of 13680 metric tons, inventory from the previous trading day unchanged.

- domestic aluminum spot prices fell slightly yesterday, AOO aluminum ingots at 13200 - Average price 13240 yuan/ton, 13220 yuan/ton, down 30 yuan/ton; Chinalco in east China AOO aluminium ingot price to 13220 yuan/ton, down 110 yuan/ton; So far this year, the domestic spot aluminium to rise more than 20%. China's aluminium production, increasing output is higher than the demand, and market forecast surplus part will be used for export; Inventory increase or weigh on prices, and as demand weakened after October, the pressure or the more obvious; Aluminum is expected to continue consolidation trend, short-term Shanghai spot today is expected to aluminum co. , LTD.

【 Aluminum market information 】 1 - On September ZhunDong development zone in xinjiang gross industrial output value of 307. 6. 6 billion yuan, realize the industrial added value 65. 400 million yuan, an increase of 24. 2%, completed 266 of investment in fixed assets. Capital of 143 400 million yuan, completed investment in place. 0. 6 billion yuan, 4 & ndash; In September, fiscal revenue the total 3. 7. 5 billion yuan. Overall smooth development zone and economic operation, continued to slow in aluminium leads, the hope, life in xinjiang, the three leading enterprises continue to run at full capacity. 13 the cumulative production of 2. 07 million tons of aluminum ingots, growth. 7%, realizes the industrial added value 4 billion yuan, accounting for the proportion of industrial output 61. 2% of the total production of 2. 07 million tons of aluminum ingots.
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