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Near the end of May, European and American financial markets continued to fluctuate before the holiday, as of the close of the 28th, Lun aluminum futures closed at 2509 US dollars / ton, up 19.
5 US dollars / ton
.
Domestic copper and aluminum night trading volatility is strong, Shanghai aluminum futures Al2107 reported 18970 yuan / ton, up 1.
28%.
Recently, global commodity prices have risen strongly, because its sector is facing a strong outlet of multiple favorable themes, whether it is the expectation of inflation re-inflation brought by overseas monetary and fiscal "big water release", or the green metal stimulus brought by environmental protection and carbon control policies, and even the mismatch of supply and demand since the outbreak of the epidemic has brought a positive boost to the metal sector represented by copper and aluminum, and the fundamentals of the nonferrous metal industry are also in the delicate status quo of the industry of "stocking and inventory, supply and demand tight balance" under the traditional consumption season in the second quarter.
The renewed market expectations for a macro liquidity easing environment have pushed the structural tightening of supply and demand, which in turn has stimulated the continued strong trend of non-ferrous prices
.
However, after China's official and regulatory clear-sighted many times about the risk of rising prices of bulk commodity materials, various places have investigated and interviewed related companies' measures to make the short-term convergence of the speculation of bullish themes, and the short-term raw material price increase tide has accumulated a huge increase, in the environment of increased volatility of the bulk raw material market and greater flexibility in policy implementation, copper and aluminum and other nonferrous metals need to digest the increase in the short term, the medium and long-term general trend is still strong, short-term to high and wide range shock ideas, it is recommended that related industries strengthen production profit hedging, institutional and speculators shock ideas are the mainstay, Pay attention to controlling position control risks
.
On the macro front, under the background of global monetary easing and gradual economic recovery, global inflation expectations have pushed the price of bulk industrial products higher overall, and Biden pushed another 6 trillion infrastructure budget to continue to push market sentiment
.
The epidemic in India and the cryptocurrency slash have caused market panic to rise, and bulk industrial products have collectively fluctuated
sharply in the past two weeks.
From the perspective of industry fundamentals, Hulun aluminum inventory slowly declined, downstream demand continued to improve, and supply and demand continued
.
The short-term emotional hype of the market has temporarily come to an end, and from the perspective of futures, Shanghai aluminum followed the overall rebound of commodities and continued to maintain high volatility, and the 18500-20000 range is expected to repeat.
Aluminum price is mainly volatile, for reference
only.
