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This week, Shanghai aluminum continued to run at a high level, intraday aluminum prices broke a new 10-year high, the main force once rose to 17,870 yuan, close to the 18,000 mark, but with the calm of macro sentiment, aluminum prices also ushered in a certain correction, the main force of Shanghai aluminum accumulated a decline of 1.
26%
during the week.
This week, the trend of Lun aluminum fluctuated and stabilized, and the price of aluminum fluctuated more frequently during the week, and Lun aluminum rose to a high level again during the session, but then ushered in a fall, overall, the cumulative increase of about 0.
2% compared with last week; Recently, due to the repeated rise in U.
S.
bond yields, market concerns gradually spread, Lun aluminum ushered in appropriate adjustment, but overall, the overall trend of aluminum prices under the continuation of monetary easing policy is still good, and in the future market, Lun aluminum or continue to run at a high level, focusing on the 2100-2250 range shock
.
In terms of the market, the market is unstable, the market wait-and-see atmosphere is strong, traders dare not rush to stock up, downstream enterprises face a big rise and fall in the market, hesitate to receive goods, and the overall market transaction is limited
.
East China, data show that this week's electrolytic aluminum inventory is still in the accumulation of inventory stage, the market is greatly affected by funds, aluminum prices have fluctuated, a single day rise of more than 500 yuan, and Friday plummeted 480 yuan, the current East China spot aluminum price between 17080-17120 yuan / ton, down 170 yuan / ton from last Friday, spot in a slight discount
.
South China, as of Friday, Foshan Nanhai aluminum ingot ticket price between 17350-17450 yuan / ton, down 140 yuan / ton from last Friday, the market is unstable, downstream enterprises are not highly motivated to enter the market, procurement is mostly reflected in Friday, just demand-based, market transactions are not obvious improvement compared with last week
.
After the wave of construction after the advent of the wave of construction, consumption has not risen sharply, domestic inventories are still in a small accumulation stage, in the short term, the basic face of soaring aluminum prices still have a certain restrictive effect, aluminum prices above 18,000 has greater pressure, but in the medium and long term, macro policy superimposed market consumption expectations are good or still favorable to aluminum prices upward, short-term main force can pay attention to a wide range of 1.
7-18,000 range shock, it is expected that next week spot aluminum may have a possibility of stopping the decline and rebound
.
