Aluminum prices are weak outside and strong inside, and short-term materials fluctuate in a narrow range

Sino-US trade agreement signed and US data optimistic, macro sentiment turned good to make the market risk aversion fall, last week Lun aluminum shock rose slightly, fell below $1800 at the beginning of the week, the lowest to $1788.
5, but boosted by the favorable macro, intraday again returned to $1800, the highest climbed to 1818; the lack of substantial positive fundamentals boost, is expected to be limited, Lun aluminum 1800 mark pressure remains, short-term is expected to continue to test this mark
.

East China: Last week, aluminum prices first fell and then rose, as of Friday, East China spot aluminum prices were reported at 14540-14580 yuan / ton, up 40 yuan / ton from last week, and the futures are now from high discount to premium 110; At the beginning of the week, due to the delivery of aluminum for the month, the price difference between far and near contracts made the trend of spot aluminum weak, but the market trading was relatively light, less than the previous two weeks, because most downstream manufacturers have entered a holiday state and suspended shipments
.
Next week is the last week of the Spring Festival holiday, and demand is expected to be lighter, and spot aluminum prices may slow down
.

South China: As of Friday, Foshan aluminum ingot with a fare of 14770-14870 yuan / ton, up 40 yuan / ton from last week, Guangdong-Shanghai price difference of 230 yuan, last week gave up the previous increase, Guangdong-Shanghai price difference back to about 230, market transaction is also the same, with the end of the year approaching, the transaction is light, most downstream manufacturers have entered a holiday state, procurement enthusiasm is obviously less than
the previous period.

Scrap aluminum: near the end of the year, most of the market has entered the holiday cycle, the phenomenon of price and no market is prominent, smelters mostly stop receiving goods, and the transaction is relatively light
.
Last week, spot aluminum first suppressed and then rose, and scrap aluminum basically stabilized; At present, the mainstream price of clean machine aluminum in South China is around 10300, and the price of aluminum wire is around 12500-12800; At present, the mainstream receiving price of aluminum alloy oil spraying in East China is around 10600-10800, around 9600-9700 for broken bridges, 12100-12300 for aluminum wire, and about 11600-11800 for white materials; Cans 8600-8800 yuan, broken bridge around
9800-10000.

Summary forecast, last week London aluminum shock rose slightly, the fundamental lack of substantial positive boost, is expected to be limited, Lun aluminum 1800 mark pressure remains, short-term is expected to continue to test this mark
.
Last week, Shanghai aluminum fell first and then rose, the trend was obviously stronger than Lun aluminum, from the plate point of view, short-term Shanghai aluminum strong trend unchanged, pay attention to 1.
4-14,500 range volatility
.
However, from a fundamental point of view, aluminum prices do not have a big rise for the time being, next week is the last trading week before the Spring Festival holiday, the rise is expected to slow down, beware of the possibility
of falling back in the later stage.