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Today's Shanghai aluminum main month 2012 contract opened at 15960 yuan / ton, the highest intraday 16000 yuan / ton, the lowest 15780 yuan / ton, settled 15885 yuan / ton, and closed at 15865 yuan / ton, up 50 yuan
.
Today's Shanghai aluminum is strong shock, the current low level of social inventory is still supported, the agency said that this year's Chinese primary aluminum demand improved, production will also increase, but demand outside China fell
sharply.
Today's London aluminum is running strongly, LME three-month aluminum Beijing time at 15:00 at 1991 US dollars / ton, up 2 US dollars, or 0.
10%,
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 15960-16000 yuan / ton, up 70 yuan; Guangdong South Reserve reported 16040-16100 yuan / ton, up 130 yuan; Hua reported 16070-16090 yuan / ton, up 50 yuan
.
Some holders are reluctant to sell, the circulation supply is limited, the enthusiasm of large households to receive goods is general, and the transaction activity is average
.
Last week, aluminum ingot stocks recorded 615,000 tons, and the weekly destocking was 14,000 tons, and the destocking range has narrowed
.
At present, the order situation of downstream feedback is still stable, and the continuous performance of automobiles, photovoltaics, home appliances and other fields has made aluminum consumption maintain a high growth rate year-on-year, and it is relatively stable
month-on-month.
While domestic demand is strong, exports are in the process of continuous improvement, the container index hit a new high, a box is difficult to find, for aluminum exports, export orders have also picked up, but considering the recent rebound of the internal and external ratio, the improvement should not be too optimistic
.
At the supply level, Chalco China Resources put into operation this week and will complete production within the year, supply continues to grow, while the profit margin of the import window expands, and the inventory of the bonded zone continues to flow into the country, forming a certain supplement
.
The market is full of optimism, aluminum prices are facing not only the positive of forcing shorts, but also from the macro good, the price of a new high seems reasonable
.
The main logic of aluminum prices will remain in the short-term contradiction, that is, the continuous destocking under low inventory, market funds are willing to continue to amplify short-term contradictions, and it is difficult for the price to see the end, but it is not recommended to chase too high, wait and see
.
