Shanghai aluminum wide finishing The oscillation range is large

In terms of external trading, LME March aluminum climbed at a high level this week, and the price fluctuated widely on Wednesday, falling to $2056.
5 and soaring to $2122.
5, after which the price remained at a high level
.
By the time of writing, it closed at $2,110, up $47, or 2.
27%
for the week.

In terms of the market, this week's spot aluminum price range volatility, spot discount continued to maintain above the hundreds, affected by the abundant supply of the market, this week holders shipped actively, middlemen arbitrage can be mapped, trading active, Wednesday fell sharply Holder price made the discount slightly narrow.

Since Thursday, the high level of aluminum prices has revived the market's wait-and-see mood, and the overall market shipments are not smooth, and trading is weak
.
On Friday, cargo holders began to actively dump goods since the morning, and although the downstream was close to the weekend, it was still mainly wait-and-see, and the market transaction was light
.

In terms of news, affected by the black series during the week, the price fluctuated sharply, but on Wednesday evening, stimulated by the news that the State Council again raised the production of electrolytic aluminum industry, the aluminum market continued to break through the year's high, but the current weak fundamentals of the aluminum market caused the price to rush back down
.
However, for now, as China prepares to shut down refineries in the winter month, aluminum prices are looking for fundamental support from expectations of lower supply, and market sentiment continues to be bullish
.

In the short term, the risk of pullback is accumulating, it is expected that next week's aluminum price is weak and volatile, the divergence between fundamentals and production restrictions expectations will intensify, the shock range is large, and the main operating range of Shanghai aluminum is 15500-16500 yuan / ton
.