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In the two trading days after May Day, the main 2106 contract of Shanghai aluminum continued to rise strongly, touching a high of 19,945 yuan / ton during the week, and refreshing a new high in 13 years, and Lun aluminum broke through 2,500 US dollars / ton, also hitting a new high since September 2008, mainly because of the strong performance of European and American economic data during the holiday, the Fed's commitment to loose liquidity continued to boost the economy, and the domestic aluminum ingot social inventory did not appear obvious accumulation after the holiday
.
For the current trend of aluminum prices, the bullish psychology is still more obvious, but the cautious mentality is more obvious with the continuous rise of aluminum prices, especially in the case of continuous warning at the top level, and the regulatory risk at the policy level has become one of the important factors of the
current market uncertainty risk.
Looking forward to the future market, aluminum prices will continue to remain high in the case of limited supply increment, but at the same time, the risk of price correction is not ruled out when the storage has not yet
landed.
Recently, due to the rapid rise in aluminum prices, downstream processing enterprises are afraid of heights, and the market circulation is not good, but from the perspective of downstream orders, the current order volume is sufficient, and demand is still good, supporting aluminum prices
.
Therefore, it is expected that domestic electrolytic aluminum will maintain a slight destocking trend in May, but the destocking rate may be difficult to increase
.
At the same time, the electrolytic aluminum industry in May and June may usher in a concentrated production period, or usher in a boom
in supply and demand.
Overseas, they continue to pay attention to vaccination and epidemic control
.
In the short term, the aluminum price remains strong under the push of macro sentiment, and a pullback is not excluded, but the price is high and it is recommended to remain cautious in the rhythm of operation, and the early order can be appropriately take profit
.
