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Today's Shanghai aluminum main month 2012 contract opened at 14410 yuan / ton, the highest intraday 14850 yuan / ton, the lowest 14410 yuan / ton, settled 14665 yuan / ton, and closed at 14825 yuan / ton, up 425 yuan
.
Today's Shanghai aluminum trend is strong, the liberalization of imported scrap aluminum may increase supply pressure, electrolytic aluminum supply pressure is greater than the previous period, aluminum prices above the space is limited
.
Today's London aluminum is weak and volatile, LME three-month aluminum Beijing time at 15:00 at 1846 US dollars / ton, down 2 US dollars, or 0.
11%,
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 15020-15060 yuan / ton, up 220 yuan; Guangdong South Reserve reported 14940-15000 yuan / ton, up 200 yuan; Hua reported 15140-15160 yuan / ton, up 220 yuan
.
Supply improved, traders shipped positively, but downstream fears heights and transactions were weak
.
On the supply side, data from the National Bureau of Statistics showed that primary aluminum production in September increased by 7.
9% year-on-year, with a record average daily output; Alumina prices were subdued
with alumina production of 6.
56 million mt in September, the second consecutive month of record highs.
According to data released by IAI, global aluminum production in September was 5.
424 million tons, a year-on-year increase of 3.
9%.
The profit of supply-side smelters remained high, the industry's production capacity was further released in October, the operating rate of the electrolytic aluminum industry continued to rise, and the supply side was weak
in the fourth quarter.
Cost side: The cost of alumina rebounded slightly to 12,851 yuan on Friday, and the profit of alumina production remained at a high level
.
In the future, the supply side with the acceleration of the resumption of production by aluminum enterprises, the supply side capacity is further released, while the downstream start remains stable, and the new production capacity in October further releases a certain suppression of electrolytic aluminum prices, limiting the upward momentum of aluminum prices, but China's low social inventory still supports aluminum prices
to a certain extent.
Macroscopically, the epidemic has been repeated overseas, and there is uncertainty
about the economic impact of the epidemic.
It is expected that the short-term aluminum price trend short-term shock adjustment, the current macro situation is uncertain background, the strategy is mainly wait-and-see, you can choose the opportunity to take advantage of the high and short short
.
