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Today's Shanghai aluminum main month 2106 contract opened at 20025 yuan / ton, the highest intraday 20065 yuan / ton, the lowest 19810 yuan / ton, settled 19935 yuan / ton, and closed at 19985 yuan / ton, up 50 yuan
.
Today's Shanghai aluminum shock is strong, the current is still in the traditional peak season, terminal orders are gradually improving, but new production is also increasing, short-term aluminum prices fluctuate
high.
Today, LME three-month aluminum was reported at $2,541 / ton at 15:01 Beijing time, up $8, or 0.
32%,
from the previous session's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 19940-19980 yuan / ton, up 130 yuan; Guangdong South Reserve reported 20010-20070 yuan / ton, up 190 yuan; Hua reported 20070-20090 yuan / ton, up 160 yuan
.
The supply of circulating goods is tight, the holders are shipping at a high price, the large households are more active in receiving goods, and the transaction situation is acceptable
.
This year, the average profit level of electrolytic aluminum enterprises has risen to a record high with the price, and the profit margin has approached 6,000 yuan / ton from 5,000 yuan / ton, which is very significant for the driving force of subsequent production at the industrial end, further diluting the subsequent impact of production restrictions; From the perspective of funds, the upward speed of aluminum prices is too fast, which continues to put pressure on the bears, and constantly aggravates their difficulty in entering the market and the risk of holding positions; In addition, the news end of China-Australia relations have further deteriorated in recent days, a few days ago the National Development and Reform Commission said that it will indefinitely suspend a series of China-Australia economic dialogue exchanges initiated by the Australian Federation, Australia as the main overseas supply source of bauxite and alumina, in the short term, this move may make the domestic import scale significantly reduced, from the cost side to the high aluminum price below another support
.
For the current trend of aluminum prices, the bullish psychology is more obvious, but the cautious mentality is more obvious with the continuous rise of aluminum prices, and the regulatory risk at the policy level has become one of the
important factors of the current market uncertainty risk.
Looking forward to the future market, aluminum prices will continue to remain high in the case of limited supply increment, but at the same time, the risk of price correction is not ruled out when the storage has not yet
landed.
