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On Monday morning, Shanghai aluminum opened flat at 14030 yuan / ton, at the beginning of the long and short game under the narrow range of Shanghai aluminum, followed by more force, Shanghai aluminum pulled up 14285 yuan / ton, the early entry of bulls high profit exit, Shanghai aluminum stepped down to give up most of the intraday gains, closing at 14100 yuan / ton
.
According to statistics, the inventory of the five places increased by 23,000 tons, and the spot premium has fallen, but the price difference in the next month is still firm above 400 yuan / ton, and Shanghai aluminum is in the upward channel, the technical strength is still strong, and it is expected to maintain a high level in the short term
.
In terms of external trading, LME base metals continued to maintain a strong run on Friday, and the increase in Lun aluminum positions broke through the strong stand at $1700 / ton
.
In the morning, Lun aluminum opened at 1713 US dollars / ton, Asian trading session London aluminum pressure daily moving average of 1717 US dollars narrow finishing, into the European trading session, Lun aluminum slightly tested down 1709 US dollars after the upward force, as of 18:00, Lun aluminum recorded a high of 1726 US dollars / ton, refreshing the previous high, Lun aluminum has been 7 consecutive Yang, is expected to continue to try to test a new high
upward.
In terms of industry, Jinlian Aluminum Co.
, Ltd.
aluminum plate and foil project (phase II) has been steadily advanced, at present, the civil work of the aluminum plant of the project has been completed, electrolyzers are being installed, and 250,000 tons of electrolytic aluminum have been put into production; The central environmental protection group moved to Shandong again, and the 5.
07 million tons of electrolytic aluminum production capacity in Zouping County was punished, and the punishment categories were "fine" and "project immediately stopped production"
.
In terms of the market, aluminum continued to rise
sharply before noon of the month.
Shanghai trading concentrated 14940-14960 yuan / ton, the monthly premium 220-330 yuan / ton, Wuxi transaction concentrated 14930-14960 yuan / ton, Hangzhou transaction concentrated 14960-14980 yuan / ton
。 Weekend arrivals slightly increased, as well as month-end factors, spot premium from Friday's 580 yuan / ton around 330 yuan / ton, Wuxi and Hangzhou holders stable shipments, the market Shanghai circulation supply less, downstream enterprises on demand procurement, 11 o'clock before and late aluminum that month soared, although the holder's quotation with the plate slightly up, spot premium continued to drop to 220 yuan / ton, downstream enterprises are afraid of high willingness to receive goods turned cold, with the advent of November, spot premium still has room to fall
.
Recent environmental protection problems may bring the risk of a large number of electrolytic aluminum production shutdown in Shandong, although the production capacity in the region has not been significantly affected at this stage, but the market sentiment is obviously excited, and aluminum prices are further raised under favorable stimulation
.
In the medium term, production capacity is still being put into operation, and the supply and demand structure is still slowly deteriorating, which is difficult to support aluminum prices at a high level
for a long time.
On the market, the main force of Shanghai aluminum exceeded 14,000, and the market was still in a bullish pattern, but the short-term price surge overdrew fundamental factors, and cautious participation
.
