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Today's Shanghai aluminum main month 2201 contract, opening 18925 yuan / ton, the highest intraday 19075 yuan / ton, the lowest 18605 yuan / ton, settlement 18795 yuan / ton, the end of the close to 18710 yuan / ton, down 85 yuan, down 0.
45%; The trading volume of the main 2201 contract of Shanghai aluminum decreased by 63,785 lots 352382 the whole day, and the position volume 191461 decreased by 85 lots
.
Today's Shanghai aluminum high fell, thermal coal long-term benchmark price finalized, boosted aluminum prices rebound, but macro bearish sentiment has not changed, Fed officials' attitude is still hawkish, and consumption seasonally weakened and the risk of further cost decline, aluminum prices will be under pressure lower
.
Today's London aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 2604 US dollars / ton, down 12 US dollars, or 0.
46%
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 18750-18790 yuan / ton, up 100 yuan; Guangdong South Reserve reported 18860-18920 yuan / ton, up 90 yuan; Hua reported 18810-18850 yuan / ton, up 90 yuan
.
Shippers ship at high prices, receivers purchase low-priced sources on demand, market trading is not good, and the overall transaction volume is weak
.
On Friday evening, the central bank said that it would cut the RRR in due course, or give the overall colored sector a boost in the short term
.
For aluminum fundamentals, the social treasury continued to degrade this week, mainly due to the continuous increase in shipments, while the spot discount has narrowed, and the short-term consumption side has shown a marginal strengthening trend
.
At present, the consumption in the north and south regions has been differentiated: the consumption in the southern region is better, mainly due to the full horsepower production downstream after the lifting of power restrictions, and the processing fee of Foshan aluminum rod has increased sharply, and at the same time, it has also driven the continuous decomposition of the aluminum rod social library; The lower reaches of the northern region are dragged down by weather factors and environmental factors in the heating season, and consumption is weaker than that in the southern region, but it is not particularly bad
.
Therefore, the overall short-term consumption is
more stable.
For December, dragged down by the decline in terminal demand such as real estate and infrastructure, the social treasury is likely to still accumulate.
It still maintains the previous view, and believes that the logic of the weak operation of aluminum prices has not changed
during the year.
