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Last week, aluminum prices were mixed, with London aluminum falling by 3.
8% and Shanghai aluminum mainly falling by 0.
03%; The macro turmoil pattern in the week restarted, in the Fed interest rate hike expectations and infrastructure plans and other multiple stimuli aluminum prices first rose and then fell, but the fundamental superposition of destocking to support aluminum prices still exists, it is expected that Shanghai aluminum or continue to fluctuate at a high level, the main focus is on the fluctuation range of 1.
86-19,200, and Lun aluminum focuses on the 2450-2550 range
.
Last week, Lun aluminum rushed back down, intraday aluminum prices once approached the 2600 mark, but the rally failed to continue, as of Friday, the cumulative decline of nearly 3.
8% during the week; Boosted by the trillion-dollar infrastructure plan, the market bullish sentiment at the beginning of the week was high, and aluminum prices once rose, but with the new round of Fed meetings to put forward the idea of shortening QE expectations in advance, Lun aluminum fell again, and the dollar rose sharply, the external nonferrous line fell across the board, short-term material aluminum trend or maintain range volatility, upward pressure is greater, pay attention to 2450-2550 range fluctuations
.
In terms of market, the overall supply of goods in East China is relatively abundant, the market fluctuates greatly, and the enthusiasm of traders to enter the market is acceptable, but downstream enterprises have limited actual purchase volume due to price instability and the reduction of downstream orders, and the overall market transaction is average
.
East China, driven by the sharp rise in the external market at the beginning of the week, aluminum prices broke through the 19,000 mark in one fell swoop, and the one-day increase once reached 430 yuan / ton, but under the influence of the off-season, the aluminum price rebound is difficult to continue, there is a fall, back to 18,800 narrow fluctuations, as of Friday, East China spot aluminum between 18830-18870 yuan / ton, up 180 yuan / ton from last Friday, spot discount 20 yuan
。 In South China, as of Friday, the price of Foshan Nanhai aluminum ingot with tickets was between 19130-19230 yuan / ton, up 110 yuan / ton from last Friday; Price fluctuations are large, downstream enterprises are heavier on the sidelines, market transactions are not as good as last week, and under the influence of the off-season, short-term transactions are difficult to improve
.
On the whole, the short-term high price of aluminum prices remains unchanged, the overall is still mainly oscillating, focusing on the fluctuation range of 1.
86-19,000, the upper pressure level of 19,200, the upstream and downstream of the operation can be purchased on demand, the merchants are properly shipped at the high, and the overall fluctuation space of spot aluminum is limited next week, or continue to fluctuate
at a high level.
