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Today's Shanghai aluminum main month 2101 contract opened at 15875 yuan / ton, the highest intraday 15995 yuan / ton, the lowest 15775 yuan / ton, settled 15875 yuan / ton, and closed at 15890 yuan / ton, down 200 yuan
.
Today, Shanghai aluminum continues to be weak, worries about the epidemic continue, market risk aversion is heating up, and environmental protection production restrictions in the domestic heating season have affected
downstream enterprises.
Today's London aluminum shock operation, LME three-month aluminum Beijing time at 15:00 at 1993.
5 US dollars / ton, unchanged from the previous trading
day's settlement price.
At the macro level, the UK discovered a new variant of the new crown virus, risk aversion heated up, and aluminum prices retraced
.
For the later aluminum price trend, the short-term macro impact is stronger than the fundamentals, for now, Pfizer's partner BioNTech said that it believes that the existing vaccine can deal with the new strain, and if necessary, the vaccine
may be adjusted within six weeks.
In terms of the market, today's spot trading price of Yangtze River is 16040-16080 yuan / ton, down 290 yuan; Guangdong South Reserve reported 16190-16250 yuan / ton, down 240 yuan; Hua reported 16150-16170 yuan / ton, down 290 yuan
.
The market circulation supply is tight, the holders are slightly reluctant to sell, the downstream bargain purchases, and the enthusiasm of large households to receive goods is average
.
In terms of fundamentals, the recent domestic social inventory continued to hover around 600,000 tons, showing a bottoming out
.
In the short term, the overall inventory level of the market is still low, but from the end of the year to the first quarter of next year, consumption is likely to cool down, and inventories are expected to gradually increase, in addition, the medium-term supply increase trend is also worth paying attention to
.
It is expected that aluminum prices will face a short-term adjustment
.
