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Today's Shanghai aluminum main month 2109 contract, opening 19985 yuan / ton, the highest intraday 20060 yuan / ton, the lowest 19805 yuan / ton, settlement 19875 yuan / ton, the end of the close to 19910 yuan / ton, up 35 yuan
.
Today's Shanghai aluminum opened low and high, in recent days many places power rationing policies have increased, electrolytic aluminum production capacity has been further disturbed, and the social inventory is still going down under the off-season, and the gap between supply and demand is gradually expanding, which is good for aluminum prices
.
Today's Lun aluminum volatility trend, LME three-month Beijing time at 15:01 at 2585 US dollars / ton, up 1 US dollars, or 0.
04%,
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 19860-19900 yuan / ton, down 40 yuan; Guangdong South Reserve reported 20050-20110 yuan / ton, down 10 yuan; China reported 19920-19960 yuan / ton, down 20 yuan
.
In the spot market, the holders are bullish on multi-price shipments, the receiver actively purchases in the morning, and the follow-up bullish is a small number of transactions, the enthusiasm of large households to receive goods is acceptable, and the overall trading volume remains stable
.
In terms of news, the impact of the expansion of the restricted electricity range in the southwest region, the continuous interference in production, the domestic electrolytic aluminum inventory is further destocked, and the speed of destocking is relatively fast, but the domestic market price supervision is strengthened, and the work of ensuring supply and price stability is required, and it is expected that the current aluminum will fall
slightly.
The US non-farm payrolls released on Friday sharply exceeded expectations, the US dollar index continued to rise, non-ferrous metal prices were suppressed to a certain extent, and Shanghai aluminum fell to 19840 yuan / ton
in overnight trading.
Affected by limited electricity, electrolytic aluminum operating capacity in Inner Mongolia, Yunnan, Guangxi and Guizhou has been limited, and last week a 500,000-ton electrolytic aluminum enterprise in Guangxi was asked to reduce production, and electrolytic aluminum production capacity continued to be limited
in the context of power restrictions.
In the downstream, due to the expansion of the impact of the epidemic power cuts, coupled with the recent increase in aluminum price fluctuations, the downstream wait-and-see sentiment has increased, and the operating rate of leading aluminum processing enterprises fell slightly by 0.
7% last week, and the current social inventory destocking range has gradually slowed down
.
On the whole, although affected by the non-farm data, aluminum prices have retreated, but the current fundamentals of electrolytic aluminum are still strong, and it is recommended that investors mainly take advantage of the dip
.
