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On Monday, the main 2105 contract of Shanghai aluminum rose in shock, with the highest 17725 yuan / ton and the lowest 17350 yuan / ton within the day, closing at 17535 yuan / ton, up 0.
69% from the closing price of the previous trading day; LME aluminum fluctuated slightly, as of 15:00 Beijing time, 3-month Lun aluminum was reported at $2255 / ton, down 0.
99%
on a daily basis.
Market focus: (1) The chief economist of the International Monetary Fund (IMF) said that US President Joe Biden's $1.
9 trillion stimulus package may push consumer prices up temporarily, but inflation is unlikely to last long
.
(2) On March 22, the inventory of electrolytic aluminum in China's main market was 1.
255 million tons, an increase of 06,000 tons
from last Thursday.
(3) On March 22, the inventory statistics of 6063 aluminum rods in China's main market were 238,500 tons, down 15,500 tons
from last Thursday.
Spot analysis: On March 22, spot A00 aluminum was reported at 17520-17560 yuan / ton, with an average price of 17540 yuan / ton, a daily increase of 140 yuan / ton
.
Yangtze River Nonferrous Metal reported that the holders of goods are selling their goods, their willingness to enter is not strong, the enthusiasm of large households to receive goods is average, and the transaction performance is average
.
Warehouse receipt inventory: the total of Shanghai aluminum warehouse receipts on Monday was 160303 tons, a daily decrease of 401 tons, a continuous decline of 4 days; On March 19, LME aluminum stocks were 1967275 tons, an increase of 69,975 tons
per day.
As of the week of March 19, the previous Shanghai aluminum inventory reported 375571 tons, a weekly increase of 11,642 tons, an increase of 8 consecutive weeks
.
Main positions: the top 20 long positions of Shanghai aluminum main 2105 contract 152201 lots, a daily increase of 5250 lots, short positions of 164096 lots, a daily increase of 5619 lots, a net short position of 11895 lots, a daily increase of 369 lots, long and short increases, net space increases
.
Market research and judgment: Shanghai aluminum 2105 volatility rose
on March 22.
Domestic aluminum production profits remained high, electrolytic aluminum production capacity continued to increase, but the speed of production slowed down, and Inner Mongolia Baotou energy consumption dual control policy, shut down part of the electrolytic aluminum production capacity
.
And the recent aluminum ingot inventory has declined slightly, the downstream demand season is gradually coming, and the demand outlook is optimistic, supporting the high operation of aluminum prices
.
Technically, the mainstream short position of the main 2105 contract of Shanghai aluminum increased slightly, focusing on the support of the 20-day moving average, and it is expected that the market will adjust
at a high level.
