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Shanghai aluminum rose and fell this week, with a cumulative weekly increase of 2.
99%; The macro surface has warmed up, the supply-side shortage is expected to increase, the demand side consumption strength is still maintained, the destocking continues to form further support for the price, it is expected that Shanghai aluminum or maintain a strong trend of volatility in recent days, the main force above the focus on 19,000 breaks, if it fails to effectively break through, there is a possibility of continuing to fall, and the operation can wait and see
.
This week, Lun aluminum continued to rise, the overall trend is strong, there is another impact on the 2500 mark trend, the overall increase in the week is close to 2.
8%; With Fed rate hike expectations on hold and dovish comments suggesting, market sentiment has picked up again; In addition, a new round of one-trillion dollar stimulus package in the United States has been planned this week, and multiple benefits have promoted Lun Aluminum to record five consecutive gains, in the short term, the price of Lun aluminum may maintain a strong trend, you can pay attention to the 2420-2500 range fluctuations
.
In terms of the market, the price of aluminum fluctuated greatly this week, traders entered the market enthusiasm increased, the operation was more frequent, driving the market transaction, while downstream enterprises due to concerns about off-season consumption, there are not many stockpiling merchants, coupled with unstable market, more maintain the rhythm of batch replenishment, the overall market transaction is
acceptable.
East China, 50,000 tons of electrolytic aluminum storage boots landed, the number of limited and bearish is digested in advance, the impact on aluminum prices is not much, coupled with low inventory support, market confidence has improved, aluminum prices fluctuate more sharply during the week, but the overall center of gravity performance upward trend, as of Friday, East China spot aluminum prices between 18750-18790 yuan / ton, up 220 yuan from last Friday, up 1.
2%.
In South China, as of Friday, the price of Foshan Nanhai aluminum ingot with tickets was between 19190-19290 yuan / ton, up 210 yuan / ton from last Friday, an increase of 1.
1%; The market is unstable, downstream enterprises just need to replenish inventory, and market transactions are mostly driven
by traders.
Aluminum prices rose again this week, with London aluminum rising 2.
8% and Shanghai aluminum rising 2.
99%; The macro situation improved again during the week, and the fund plan was initially determined to boost market confidence, in addition, domestic consumption was not reduced, and the destocking continued, but the upside of aluminum prices was limited under multiple pressures on the policy side, or rose first and then fell, and the overall continued volatility; Shanghai aluminum mainly focuses on fluctuations in the range of 1.
84-19,200, and Lun aluminum focuses on the 2420-2500 range
.
