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Last week, Shanghai aluminum rose more fiercely, with a cumulative weekly increase of about 4.
1%; Shanghai aluminum maintained a high level of strong shock during the week, on the whole, domestic downstream consumption did not have a significant downward trend, and the continuation of social inventory continues to form a support for aluminum prices, in addition to the improvement of macro sentiment also drives this market confidence, a large number of funds into the market price rise continues, short-term Shanghai aluminum or continue to high strong shock, The main focus is on the range of 1.
64-16,900, spot prices can continue to pay attention to the fluctuation in the range of 1.
68-17,100, it is expected that next week's spot aluminum will continue to fluctuate trend, or there is a slight strength, but still need to be vigilant about the possibility
of subsequent pullbacks.
Last week, Lun aluminum rose again, breaking through a new high of the year during the week, rising to 2096 US dollars / ton, a cumulative increase of more than 2.
2% in the week; In the short term, the Fed's new round of stimulus policy release expectations boosted market confidence, Lun aluminum or still has some upside, above the 2100 pressure level, pay attention to the 2040-2120 range fluctuations
.
In terms of the market, the market optimism is acceptable, the price of the holder is firm, so that the price is supported, the enthusiasm of middlemen to enter the market is high, but the high price inhibits the downstream stocking situation, and the main maintenance is on-demand replenishment, and the overall market transaction is better than last week
.
East China: the US dollar index continued to fall, last week aluminum prices first fell and then rose, after pulling back all the decline and continuing to move up, after the delivery of the month after the spot again appeared high premium, the current East China aluminum ingot price once again rushed to the 17,000 mark; as of Friday, East China spot aluminum between 16940-16980 yuan / ton, up 240 yuan / ton; South China: As of Friday, the price of Foshan Nanhai aluminum ingot with tickets was between 17310-17410 yuan / ton, up 370 yuan / ton from the previous month, and the increase was more prominent than that in East China; The local market has a general supply of goods, aluminum prices continue to rise, downstream processing enterprises are cautious due to high prices, and market transactions are mostly driven by traders
.
At present, the market has strong expectations for the Fed's new round of stimulus policy, and inventory support is still there, short-term aluminum prices or maintain a strong operation, but in the long run, it is still necessary to be vigilant against the risk of high decline, Shanghai aluminum main force can temporarily pay attention to the fluctuation of 1.
64-16,900 range, London aluminum focus on the 2040-2120 range
.
