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On Wednesday, the main 2110 contract of Shanghai aluminum rose sharply, with a maximum of 23295 yuan / ton, a minimum of 22300 yuan / ton, and a close of 23080 yuan / ton, up 2.
03% from the closing price of the previous trading day; LME aluminum rose sharply, as of 15:00 Beijing time, 3-month Lun aluminum reported 2913 US dollars / ton, up 2.
28%
from the previous trading day.
Market focus: (1) According to China Customs, China exported 6,000 tons of alumina in August 2021, with a cumulative export of 98,800 tons from January to August 2021, and imported 394,100 tons in August 2021, a decrease of 25.
19% month-on-month and a year-on-year increase of 49.
85%.
From January to August 2021, the cumulative import volume was 2.
3323 million tons, a year-on-year decrease of 10.
95%; The net import of alumina in August was 388,100 tons, and the cumulative net import from January to August 2021 was 2,233,500 tons
.
(2) As of September 22, according to Mysteel statistics, China's electrolytic aluminum social inventory was 786,000 tons, an increase of 18,000 tons from last Thursday (September 16), and 716,000 tons
in the same period last year.
Spot analysis: SMM spot A00 aluminum reported 22800-22840 yuan / ton, the average price was 22820 yuan / ton, up 80 yuan
per day.
The cargo holder actively ships at the high price, the receiver actively inquires the price, the enthusiasm of the large customer to receive the goods is general, and the actual transaction is light
.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 96,751 tons, a daily decrease of 4,862 tons; LME stocks were 1304725 tonnes, down 11,250 tonnes
per day.
Main positions: the top 20 longs of the main 2110 contract of Shanghai aluminum held 78803 lots, minus 1268 lots per day, 81394 short positions, minus 3792 lots per day, 2591 net short positions, 2183 hands per day, long short and net short were reduced
.
Market Facts: Investors are awaiting the Fed's policy statement on Wednesday for any clues
as to when the Fed will begin tapering its massive bond-buying program.
Recently, the power shortage and energy consumption dual control policy continued to ferment, the dual control measures for energy consumption in nine provinces were upgraded, and the aluminum supply continued to contract, forming a strong support
for the futures price.
However, the market has certain expectations for ensuring supply and price stability, and electrolytic aluminum inventories have accumulated to a certain extent, and aluminum prices are under pressure
.
In the short term, aluminum prices or shocks are strong
.
