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Overnight, Shanghai aluminum touched 10,000
again.
The spot premium of aluminum ingots remained at 120 yuan, and the social inventory of aluminum ingots at the beginning of the week fell by 06,000 tons from last Thursday to 609,000 tons, a new low
for the year.
At present, the downstream operating rate is stable, consumption is still strong, the supply of goods is tight, the ratio of holding positions to orders remains high, and there is still a risk
of crowding in December.
The average profit of tons of aluminum is close to 3,000 yuan, and it is recommended to lock in profits
.
Do not chase the rise unilaterally, but under the current structure, even a contract can still participate
in buying at a pullback to earn monthly income.
In the market, the price of Chinalco East China AOO aluminum ingots was 15920 yuan / ton, down 50 yuan
.
According to data from the China Association of Automobile Manufacturers, the automobile output of key enterprises in early and mid-November increased by 9.
6% year-on-year, and consumption in the terminal field maintained growth; Downstream consumption maintained high growth, short-term electrolytic aluminum inventory is difficult to accumulate, and spot aluminum prices are expected to rise
today.
Recently, the global market around a number of new crown vaccine breakthroughs to repair expectations, financial market risk appetite with the international, political and economic situation and policy expectations and rapid swing, global asset prices, especially the stock market and commodities high center of gravity rise, but after the rapid rebound in the early stage, copper and aluminum prices short-term or shock digestion of growth, the fundamentals of colored traditional consumption off-season reality is diluted by optimistic future economic growth expectations, the medium line focuses on the monetary and fiscal stimulus policy guidance of various countries and the dynamic supply and demand adjustment of commodities.
For the majority of domestic and foreign real industry institutions and investors, the trend is not overvalued
for copper and aluminum.
