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    Home > Chemicals Industry > New Chemical Materials > August 21 Shanghai aluminum morning review

    August 21 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Friday evening, the main contract of Shanghai aluminum opened at 16435 yuan / ton, after a slight increase to 16475 yuan / ton at the beginning of the session, the aluminum price plunged to a low of 16185 yuan ton, and then the narrow range of Shanghai aluminum fluctuated below the daily average of 16250 yuan / ton line, closing at 16260 yuan / ton, the position decreased by 3018 hands to 365594 lots, it is expected that today's Shanghai aluminum main shock operation at 16100 ~ 16350 yuan / ton, spot discount maintained at 220 ~ 180 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 15990 yuan / ton, up 200 yuan / ton from the previous week, 275 yuan / ton discount compared with the near-month contract, the spot discount before delivery gradually narrowed from 200 yuan / ton to 100 yuan / ton, and the spot discount after delivery remained between 230 yuan and 200 yuan / ton, downstream fear of high aluminum prices, coupled with still in the off-season of consumption, so the buying interest is low, the transaction of a number of futures cash arbitrageurs within the week, the inventory is high and difficult to digest, the spot discount of more than 200 yuan / ton is difficult

    In terms of news, the recent news related to the suspension of production of Shanxi bauxite is still a lot of attention, and the relevant news has triggered an increase in the price of alumina, and its actual impact remains to be seen
    .
    The rising cost of upstream raw materials on the cost of electrolytic aluminum and the strong expectation of limiting production in the heating season are all favorable factors
    supporting the price increase in the later period.
    Short-term price or oscillation correction, correction may be limited
    .
    Operationally, it is recommended to maintain the idea of pullback
    buying.

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