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Today's Shanghai aluminum main month 2108 contract, opening 19285 yuan / ton, the highest intraday 19285 yuan / ton, the lowest 19080 yuan / ton, settlement 19085 yuan / ton, the end of the close to 19130 yuan / ton, up 45 yuan
.
Today's Shanghai aluminum shock trend, the implementation of the dumping was Henan large households at the highest price income, but social inventory showed signs of weakening accumulation, and the domestic consumption off-season, but Russia began to implement the aluminum ingot export tariff policy in August, aluminum prices maintained short-term volatility
.
In the external market, today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:02 at 2562 US dollars / ton, up 5 US dollars, or 0.
18%
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 19080-19120 yuan / ton, up 10 yuan; Guangdong South Reserve reported 19150-19210 yuan / ton, up or down 0 yuan; Hua reported 19150-19190 yuan / ton, up 20 yuan
.
Holders are actively shipping, downstream cautious wait-and-see, trading is weak, and the overall transaction activity is weak
.
On the supply side, the impact of Yunnan's production restriction disturbance in the early stage gradually faded with the arrival of the rainy season, but in fact, the performance of the supply side this year has not shown a weak trend, and the output is above the water level of the previous year, and the national reserve at the end of June will neutralize some of the previous production pressure, and the strong posture of the supply side is expected to not decrease
.
On the demand side, the high rise in aluminum prices in the early stage failed to effectively transmit to the terminal, downstream processing fees once ran in a negative range, most enterprises stopped purchasing to meet rigid demand with inventory, and the state took targeted control of excessive commodity rises in the later period, and aluminum prices partially returned to give the downstream a certain breathing space
.
At present, the market is downplaying Fed tightening worries this summer, and market sentiment is gradually stabilizing
.
After entering July, the disturbance of Yunnan's power rationing on the supply side of electrolytic aluminum will gradually subside, and some electrolytic aluminum plants will begin to resume production, and the supply pressure will gradually increase
.
At present, downstream consumption has entered the seasonal off-season, aluminum rod processing fees continue to decline, and the range of inventory destocking has slowed down, but the low inventory still has some support
for aluminum prices.
On the whole, the current market sentiment is stabilizing, yesterday Shanghai aluminum prices once rebounded to more than 19300 yuan / ton point, but Shanghai aluminum fundamentals have signs of weakening, it is expected that the rebound height is limited, the operation is recommended short-term long single holders all take profit, non-entry temporarily wait-and-see
.
