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Overnight, Shanghai aluminum shock fell
back.
At the beginning of the week, aluminum ingots continued to go to storage of 22,000 tons to 1.
16 million tons, except for automobile-related orders affected by the chip shortage, other orders were sufficient, peak season consumption gradually cashed to support aluminum prices, spot discount to flat water
.
However, high aluminum prices will still have a restraining effect on consumption, short-term Shanghai aluminum or around Wanba, it is recommended to gradually increase the selling insurance ratio above Wanba to lock in profits
.
This week's aluminum ingot social inventory is 1.
183 million tons, down 45,000 tons from last week, the speed of destocking has accelerated, but still less than the same period of previous years, if the later destocking speed continues to slow down, the fundamentals will drag down aluminum prices to continue to rise, aluminum prices or in a high range of shock; if the later destocking speed has accelerated, the demand growth rate will drive the plate up, aluminum prices or stand firm after the 18000 line continues to have full upward momentum
。 In addition, the guidance of the current market policy and the speculation of the news end have become the fuse for funds to intervene in the game between the market and the real economy, which directly determines the fluctuation trend of aluminum prices in the short term, and is optimistic about the basic market to support price stability and strong volatility in the long term
.
In terms of the market, the spot market quotations were sideways, most regions maintained a slight discount unchanged, the overall processing fee did not fluctuate much, and enterprises purchased
according to just demand.
At present, the profit of electrolytic aluminum enterprises soared to 5,000 yuan / ton with the price, further compressing the upstream and downstream profit margins, and the market entered a tight balance between supply and demand
.
In the future, pay attention to the marginal promotion
of the speed of social inventory dematerialization on the basic plate.
