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Aluminum prices continued to fluctuate at a high level on Thursday, and as of the close, the main 2202 contract of Shanghai aluminum closed up at 20315, up 445, or 2.
24%.
From the plate point of view, aluminum prices this wave of rising momentum is still continuing, affected by the European power surge and supply interference hidden danger, aluminum market bulls still maintain a bullish psychology, short-term aluminum prices or will still maintain a high level of operation, Shanghai aluminum main force above the pressure level of 20500
.
On the demand side, November demand with the fall in aluminum prices has been released, but after all, the winter demand decline has become a foregone conclusion, the current stage of demand is more from the market for next year's expected speculative demand, at present this demand has not yet reached the release time, is expected to be reflected
in December.
On the inventory side, the trend of inventory accumulation has eased, and it is expected to maintain high volatility in the later stage, and it is difficult to have a significant change trend
.
On the supply side, the overall production capacity and output are also difficult to expand, and the serious import loss has led to the continuous closure of the import window, and the increase on the supply side is limited
.
Near the end of the year, the overall market demand is difficult to recover, coupled with environmental factors, Shandong, Hebei processing plants have reduced production and stopped production, the basic face of limited price support, continue to chase higher need to remain cautious, the operation is still based on high profit and profit, spot aluminum continues to fluctuate
at a high level.
