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Aluminum market morning comment: The dollar index has weakened
for several days.
The surge in aluminum inventories on the London Stock Exchange by 328,000 hands once triggered a plunge in the price of aluminum in the external market, but the market generally believes that this part of the aluminum ingots will be imported into the Chinese market because the import window has opened
recently.
Overnight, the price of aluminum later recovered and closed up 0.
92% to $2185.
5 / ton
.
Shanghai aluminum opened slightly lower in overnight trading, and the main 2104 contract closed slightly below 17470 yuan / ton
.
The spot market was active in the morning, and the downstream actively entered the market to replenish stocks, but as prices strengthened, the willingness to receive goods declined
.
The mainstream transaction price in Shanghai is around 17,370 yuan / ton, which is basically flat with the plate
.
The mainstream transaction price in Guangdong is around 17370 yuan / ton
.
The concept of carbon peaking is still fermenting, and the supply-constrained expectations and consumption growth expectations triggered by it continue to support market confidence, and the current consumption is also showing a gradual upward trend, and the pace of accumulation has slowed down significantly, supporting aluminum prices to remain strong
.
Operationally, it is recommended to go long on dips
.