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On Monday, London aluminum strengthened, closing at $1791.
5 a tonne, up $31.
5, or 1.
79%.
The main force of Shanghai aluminum continued to rise in 2001, closing at 13990 yuan / ton, up 40 yuan / ton, or 0.
29%.
On the whole, the price of alumina fell slightly, so that the production cost of electrolytic aluminum decreased, but the domestic social inventory continued to decline, and the aluminum price was supported, and it is expected that Shanghai aluminum will fluctuate in 2001, with an operating range of 13800-14100
.
At the macro level, although the central bank's reduction of 1-year and 5-year loan interest rates has promoted the recovery of market trading sentiment, the Sino-US trade negotiations are still variable, and the economic data on domestic consumption and investment are less than expected, and the macro still tends to be cautious
.
As of last Friday, East China spot aluminum reported 14020-14060, the market transaction is general, next week is expected to slow down, East China spot aluminum concern 13900-14100 range volatility, those who have goods are temporarily waiting, and those who have no goods buy
on demand.
On the supply side, the production progress was not as expected, and the production release in the fourth quarter was limited
.
And aluminum ingot inventories fell sharply this week, and the high premium of spot combined with the decline in inventory can support short-term aluminum prices
.
Shanghai aluminum volatility rose slightly, short-term macro uncertainty, and the fundamentals have not changed substantially, which is expected to limit the rise of
aluminum prices.
However, from the perspective of the plate, as well as the domestic destocking trend is obvious, the overall shock trend of Shanghai aluminum is obvious, and the shock is expected to stabilize
.
In the case of Shanghai aluminum increasing positions, there was a continuous rebound market, and the daily line was 3 consecutive sunshine
.
After breaking through the important platform around 13935, the futures also broke above the pressure level of the 60-day line
.
It is recommended that investors can follow up with light positions and long orders, and it is expected to launch a wave of rebound after getting rid of the shock
.
