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Overnight, Shanghai aluminum continued to fluctuate
strongly.
This week, the spot premium of aluminum ingots remained above 100 yuan, and social stocks fell by 20,000 tons to 590,000 tons, a new low
in the year.
Imported primary aluminum continued to decline month-on-month, domestic consumption remained strong, the tight supply of market circulation was maintained, the position order ratio was at a high level, and there was still a risk
of running out in December.
The average profit of tons of aluminum is more than 3,000 yuan, and it is recommended to lock in profits
.
Do not chase up unilaterally, under the current structure, even a contract can be bought at a pullback to earn monthly income
.
In terms of the market, the price of Chinalco East China AOO aluminum ingots was 16120 yuan / ton, unchanged
.
The pressure drop on the supply side is gradually strengthening, but the current electrolytic aluminum social inventory continues to decline, the destocking speed is acceptable, and the terminal market demand maintains a good performance to provide support, and it is expected that spot aluminum prices will rise
today.
Last week, the National Assembly decided to open a new round of automobile home appliances to the countryside, cars and home appliances as an important downstream consumption component of electrolytic aluminum, is expected to form a greater boost to electrolytic aluminum consumption, electrolytic aluminum inventory is expected to continue to decline
.
The "high profit + high demand + low inventory" situation of electrolytic aluminum will continue, and the superimposed funds will pay more attention to the electrolytic aluminum sector
.
The market is full of optimism, aluminum prices are facing not only the positive of forcing shorts, but also from the macro good, the price of a new high seems reasonable
.
The main logic of aluminum prices will remain in the short-term contradiction, that is, the continuous destocking under low inventory, market funds are willing to continue to amplify short-term contradictions, and it is difficult for the price to see the end, but it is not recommended to chase too high, wait and see
.
