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Last week, aluminum prices rose more fiercely, with London aluminum rising 2.
3% and Shanghai aluminum rising 2.
97%; The process of aluminum ingot destocking accelerated during the week, the demand rose far more than expected in the peak season, and aluminum prices rose with the trend, but the downstream price acceptance of the rapid rise still needs to be seen, and short-term Shanghai aluminum may fall at a high level
.
Last week, Lun aluminum rose sharply, and aluminum prices broke new highs in recent years, with a cumulative increase of 2.
6% over the previous week; In the context of the current accelerated global economic development at home and abroad, aluminum price demand is also rising, in addition, Powell claimed that loose monetary policy will continue, macro benefits under the boost of Lun aluminum or will gradually stabilize at a high level, short-term aluminum prices continue to fluctuate at a high level, pay attention to the shock range 2250-2330
.
In terms of the market, the price of aluminum ingots has risen sharply, the enthusiasm of holders to ship has increased, the market is abundant, and due to the influence of rumors, traders enter the market frequently, but high prices inhibit downstream enterprises to receive goods, more performance wait-and-see, or less buying, the overall market transaction is acceptable
.
East China: Market rumors Xinjiang electrolytic aluminum enterprises to reduce production, and domestic mainstream areas electrolytic aluminum continue to maintain the state of destocking boost, last week electrolytic aluminum first fell and then rose, and the increase is obvious, the highest increase in a single day more than 300 yuan, as of last Friday, East China spot aluminum price 18110-18150 yuan / ton, up 640 yuan / ton, up 3.
7%, spot discount 10 yuan
.
South China: As of last Friday, the price of Foshan Nanhai aluminum ingot with tickets was between 18380-18480 yuan / ton, up 650 yuan / ton from the previous month, and local downstream processing enterprises maintained a high operating rate, but due to the sharp rise in prices, more just need to buy, there are not many stockpiling merchants, and the transaction is average
.
Driven by peak season demand during the week, the destocking process performed well, and even exceeded market expectations to a certain extent; At the same time, due to the sharp rise in profits in the early stage, the current production capacity of electrolytic aluminum enterprises has been released by half, and the subsequent production capacity increase is limited; In summary, the overall upward trend of aluminum prices has been unstoppable, but it is still necessary to be cautious about the rapidly rising aluminum prices, and the downstream acceptance of this high price is still observed, short-term Shanghai aluminum may have appropriate shock adjustment, but the high trend does not change
.
