Market expectations are optimistic and aluminum prices continue to strengthen

This week, Lun aluminum overall showed a volatile upward trend, the highest intraday climbed to $1695.
5, hitting a high in nearly four months, and as of Thursday, the weekly cumulative increase exceeded 3%; Recently, the overseas economy is in a comprehensive recovery stage, stimulated by favorable policies in various countries, Zhou Nailun aluminum rose all the way, almost breaking the 1700 mark; However, due to the fact that the epidemic in the United States has not been effectively controlled and the outbreak of pneumonia of unknown cause has caused market confidence to be frustrated, aluminum prices have a slight correction; On the whole, in the context of the global economic recovery and the strong trend of domestic aluminum prices, in the short term, Lun aluminum may maintain a high level of volatility, and continue to pay attention to the volatility
around 1700.

East China: electrolytic aluminum inventory continued to decline, coupled with manufacturers control shipments, the market supply of tight situation prominent, spot aluminum ingot prices moved up again, as of Friday, East China spot aluminum prices between 14680-14720 yuan / ton, compared with last Friday last week 280 yuan / ton; In terms of market transactions, the market supply tightened significantly this week, holders firmed prices, traders traded more actively, but downstream enterprises were afraid of heights and waited more, dragging down some market transactions
.

South China: This week, South China aluminum ingots were greatly impacted by imported cheap aluminum ingots, and the downstream was more inclined to import aluminum ingots, resulting in blocked shipments of domestic aluminum ingots, the supply was relatively abundant, and the price increase was significantly lower than that in East China, as of Friday, Foshan Nanhai aluminum ingot ticket price was between 14870-14970 yuan / ton, compared with last Friday only last week 180 yuan / ton
.
In the later period, we continued to pay attention to the situation of
imported aluminum ingots.

The recent warming of the macro atmosphere provides a hotbed for the general rise of non-ferrous metals, while the unexpected warehouse reduction also provides the most solid support for the rise in aluminum prices, and in the short term, Shanghai aluminum is expected to continue to be strong, and spot is expected to hit 15,000; However, as next Wednesday is close to cash delivery, the price difference between the current month and the near month contract needs to be vigilant against the risk of aluminum price adjustment, but the long-term bullish trend remains unchanged
.
Pay attention to the spot trend, it is expected that next week's spot aluminum may rise first and then adjust
.