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    Home > Chemicals Industry > New Chemical Materials > Aluminum should not be overly bearish in the short term, and it is necessary to pay attention to the sustainability of the rebound

    Aluminum should not be overly bearish in the short term, and it is necessary to pay attention to the sustainability of the rebound

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 2006 contract opened at 11915 yuan / ton
    in the morning.
    After the opening, the bears hedged and reduced their positions, and the market continued to rise after steadily stepping on the 10,000 two mark, closing at 12,085 yuan / ton, up 135 yuan / ton from the previous day's close, or 1.
    13%.

    The logic of short-term fundamental domestic trade repair is gradually realized, superimposed on macro liquidity easing, Shanghai aluminum takes advantage of the low rebound, need to pay attention to the sustainability of the rebound, short-term should not be overly bearish
    .
    It is expected that tomorrow's Shanghai aluminum main 2006 contract will fluctuate at 12000-12150 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1512.
    5 US dollars / ton
    in the morning.
    The performance of the Asian session first fell and then rose, the initial test of the low of $1507.
    5 after the Shanghai aluminum boost, Lun aluminum stopped the decline and quickly returned to above 1515 US dollars / ton, in the afternoon, around the daily average of 1515 US dollars narrow range oscillation, up and down only 5 US dollars / ton line, as of 17:53, Lun aluminum closed at 1518.
    5 US dollars / ton, up 6.
    5 US dollars / ton, or 0.
    43%.

    In terms of the market, the morning carrier shipments are more active, the middleman receives the goods generally, with the rise of aluminum prices, coupled with a large market receiving price is better, the overall quotation of the market is upward, at this time the holder's shipment convergence performance wait-and-see, although the middleman actively receives the goods but it is more difficult to complete the transaction
    at this time.
    Downstream intraday on-demand goods are mainly received, because aluminum prices rose significantly in the afternoon, downstream procurement enthusiasm has been suppressed
    to a certain extent.
    The overall transaction in East China before noon was better
    .
    In the late afternoon, aluminum continued to rise, individual holders quoted around 12,100 yuan / ton, flat water to 10 yuan / ton, only a small number of transactions between traders, almost nothing
    downstream.

    This week, the scale of domestic aluminum plant maintenance and production reduction increased to around 800,000 tons, domestic consumption picked up in stages, and social inventories fell by more than 100,000 tons than expected, driving aluminum prices to rebound
    .
    However, due to the unoptimistic order situation in the second quarter and doubtful consumption sustainability, the industry's huge inventory is still difficult to digest
    .
    The sinking cost of electrolytic aluminum has caused the cash loss capacity of aluminum plants to be less than 20%, and profits have been greatly repaired
    .
    It is expected that Shanghai aluminum will continue to strengthen and have greater resistance
    .

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