Huatai Futures Aluminum Daily 202000609: Aluminum rose sharply

Aluminium:

In terms of spot, LME aluminum spot discount was $25.
40/ton, compared with $25.
25/ton
in the previous session.
According to SMM, the spot price in Wuxi, Shanghai is between 13660-13680 yuan / ton, and the morning premium is between 40-80 yuan / ton, because the market generally expects the subsequent premium to narrow, the carrier shipments are very positive, the middleman receiving sentiment is more general, the overall market is more than less, and the premium is also significantly narrowed
before the afternoon.
A large household purchases normally, but receives less than last Friday
.
Downstream on-demand goods are mainly received, because of the sharp rise in aluminum prices, fear of heights is obvious
.

In terms of stocks, LME aluminum ingot stocks increased by 0.
43 million tons to 1.
5257 million tons
on June 8.
According to my nonferrous metals, on June 8, the domestic social stock of aluminum ingots decreased by 51,000 tons from last Thursday to 786,000 tons
.

Viewpoint: The import profit of aluminum ingots in the early stage increased significantly, imported aluminum ingots continued to flow into the country, smelters also began to resume new production, yesterday's overall market was more and less, the premium afternoon was also significantly narrowed, the supply side short-term pressure
on aluminum prices.
However, the short-term aluminum plant is reluctant to sell, downstream stockpiling and some replacement of scrap aluminum, and the overall improvement of terminal demand, and the inventory of aluminum ingot market is still degrading
significantly.
It is recommended to continue to pay attention to the speed of electrolytic aluminum destocking and spot support, and aluminum prices are expected to remain strongly volatile
.

Strategy: Unilateral: neutral, wait-and-see
.
Intertemporary: Positive set holding
.

Cross-city: Wait and see
.

Risk point: macro risk
.