Entering July, the process of destocking of
aluminum ingots has further slowed down. Among them, East China continued to destock, while South China and Gongyi continued to accumulate inventory. As of July 10, the total social inventory of aluminum ingots had fallen to 707,000 tons, a slight drop of 2,000 tons from last week. According to data from the Shanghai Futures Exchange, as of the week of July 10, the Shanghai Futures Exchange's aluminum futures stocks were 213,700 tons and warehouse receipts were 97,600 tons. The Shanghai Aluminum 07 contract unilaterally held 19,395 positions, equivalent to 96,975 tons. Recently, the supply of goods circulating in the East China market is tight, and the intermediaries are more enthusiastic about receiving goods, and the spot premium has rebounded rapidly. At the beginning of the week, the spot premium of aluminum ingots quickly dropped to about 20-30 yuan/ton. However, with the tight supply of supply in the East China market, and large buyers Actively receiving goods, the spot premium of aluminum ingots rebounded again, rising to about 60 yuan/ton on Thursday, and about 120 yuan/ton on Friday. The average spot price of aluminum ingots rose along with the premium and the stock price. The new ingot was reported at RMB 14,680-14720/ton, with an average price of RMB 14,700/ton. However, the South China market has continued to accumulate inventory. As of July 10, South China's inventory was about 170,000 tons, an increase of 15,000 tons from last week's 155,000 tons, and it was the second consecutive week of accumulation. The new report of A00 aluminum ingots in South China is 14560-14620 yuan/ton, with an average price of 14590 yuan/ton, and the spread between South China and East China is -110 yuan/ton. Shanghai Aluminum may continue its strong operating market in the short term, and pay attention to the progress of the arrival of the East China market and the start of downstream operations.
Zeyi Aluminum Co., Ltd. thinks that that firms can avoid the artificial choice between quantitative and qualitative risk management, allowing both to play important roles in surfacing and assessing risks.
Our vision is to realize the tremendous potential of custom aluminium extrusion by providing aluminum window profile manufacturers services that consistently meet our customers’ expectations.
can be used in a wide variety of ways.
