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This week, Shanghai aluminum continued to hit new highs, also maintained a five-consecutive rally, once approached the 23,000 mark during the session, as of Friday's close, the cumulative weekly increase of Shanghai aluminum has reached 6.
7%; Aluminum prices continued to rise at a high level during the week, although the state continues to require full efforts to ensure the stability of supply and stability in the electrolytic aluminum industry and prevent malicious speculation and irrational sharp rises in aluminum prices, but driven by the tight balance of supply and demand, aluminum prices are still prone to rise and fall
.
In addition, affected by factors such as dual control of energy consumption and international events, the supply of raw materials such as bauxite and thermal coal continues to be tight, which also supports aluminum prices to maintain a high level
.
This week's Lun aluminum rally is gratifying, maintaining five consecutive gains during the week, the highest intraday is close to the 2900 mark, as of Friday, the cumulative increase has reached 5.
6%; At present, the overall macro loose monetary policy is still maintained, the market liquidity is still the same, the performance of long funds is still more active, coupled with the high bullish sentiment in the market, Lun aluminum or will maintain a high upward trend, in addition, affected by the coup in Guinea during the week, aluminum prices once soared, but then the official also said that it will not affect Guinea bauxite supply and transportation, but political risks can not be completely ruled out, the supply side is still worried; Overall, with the support of multiple favorable benefits, Lun aluminum will continue to break through new highs, focusing on the shock range of 2820-2920
.
Spot market, East China, aluminum prices continue to be supported by the supply side continued to be limited by the impact of power production and the restriction of dual control of energy consumption, this week East China spot aluminum continued to rise, as of Friday, East China spot aluminum reported 22640-22680 yuan / ton, up 1330 yuan / ton from last Friday, a weekly increase of up to 6%.
During the "Golden Nine Silver Ten" consumption season, due to the continuously high aluminum prices, the overall inventory of most enterprises is not high, and they have no choice but to maintain high-price procurement, and the overall transaction of the market is
acceptable.
In South China, as of Friday, the price of Foshan Nanhai aluminum ingot ticket was 23030-23130 yuan / ton, up 1370 yuan / ton from last Friday, a weekly increase of 6.
3%; The market has not cooled down significantly, most holders are still selling at a high price, maintaining flat water or slightly premium shipments, and some receivers are optimistic about the price increase in the future market and buy
appropriately.
As of Friday, the spot aluminum price difference between South China and East China remained at 390 yuan / ton
.
As far as the current domestic market is concerned, the continuous decline in inventory coupled with the growing demand in the peak season will be a strong support point for the further rise of aluminum prices, but it is also necessary to be vigilant against the risk of national regulation and market sentiment falling after excessive surge, short-term Shanghai aluminum main force or is expected to hit the 23,000 mark again, if it fails to effectively break through, there may be a risk
of falling.
