Aluminum Inventories Reach A New Low, Prices Plunged
Aluminum Inventories Reach A New Low, Prices Plunged
鋁庫存創新低，價格暴跌
- Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn't enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg.
- On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in 1997 and surpassing a previous low set in 2000.
- Stockpiles have fallen 63% this year, on track for a record annual drop, as strong demand and a string of smelter curtailments have pushed the market into a growing deficit.
- Despite the shrinking stocks, the aluminum price wiped out earlier gains after the inventory data, indicating that the focus remained fully on the dangers to demand.
- The mood in metals markets has turned radically in recent weeks, with concerns about the global economy and Covid lockdowns weighing on demand in top customer China. Aluminum has dropped 33% from a record high in March, wiping away the year's gains.
- "The rally in aluminum was relentless, and now we're seeing a pretty strong correction. The demand outlook is pretty weak across the globe, but the supply risk is still very evident," Geordie Wilkes, head of research at Sucden Financial Ltd., stated.
- Photo via Wikimedia Commons
- 倫敦金屬交易所倉庫可供提取的鋁跌至紀錄低點。不過，最新的供應短缺跡象不足以打破隨着需求惡化而主導金屬市場的悲觀情緒，彭博社寫道。
- 權證上的鋁庫存下降9.7%，至260,275噸，打破了1997年創下的紀錄，超過了2000年創下的前一個低點。
- 今年庫存下降了63%，有望創下年度降幅紀錄，原因是強勁的需求和一系列冶煉廠的削減導致市場陷入越來越大的赤字。
- 儘管庫存減少，但在庫存數據公佈後，鋁價抹去了早些時候的漲幅，表明市場的重點仍然完全放在需求面臨的危險上。
- 最近幾周，金屬市場的情緒發生了根本性轉變，對全球經濟的擔憂以及英國政府的封殺令最大客户中國的需求承壓。鋁價從3月份的創紀錄高位下跌了33%，抹去了今年的漲幅。
- Sucden Financial Ltd.研究主管喬治.威爾克斯表示：“鋁價持續上漲，現在我們看到了相當強勁的回調。全球需求前景相當疲弱，但供應風險仍然非常明顯。”
- 通過Wikimedia Commons拍攝的照片