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Aluminum market early comment: The news of the accidental production cut of China's smelters stimulated the strengthening of external aluminum prices
.
On Friday, the London Stock Exchange three-month aluminum price rose 2.
25% to $2683 / ton
.
Shanghai aluminum opened low and went high overnight, and the main 2201 contract lot was higher than 19385 yuan / ton
.
In the morning, the spot market rebounded sharply, and the downstream actively entered the market to purchase replenishment, and the holders showed their willingness
to raise prices.
The mainstream trading price in Shanghai is 18,560 yuan / ton, which is narrower than the futures discount to less than 100
.
The mainstream transaction price in Guangdong in the early stage was around 18,670 yuan / ton, and it climbed
significantly in the later period.
Yunnan has reduced production again, but the impact of 300,000 tons of production capacity on the current supply is limited, and the production capacity that Yunnan shut down in the early stage has begun to resume production
one after another.
However, the rise in environmental pressure in the northern region does not rule out the possibility
of a phased reduction in production.
The current consumer side is not performing well, so the current supply and demand fundamentals are weak, and the library has some pressure
on prices.
Short-term aluminum prices remain difficult to get out of
the shock range.
Operationally
, it is recommended to wait and see.
