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Shanghai aluminum daily trading sideways oscillation, night opening slightly pulled up and then fell back; Slightly boosted by the fall in the US dollar during the session, Lun aluminum closed away its gains, falling 0.
38%
overall.
Last week, the domestic aluminum ingot social library accumulated 12,000 tons compared with the previous month, and the market was bearish, which made the aluminum price shock weak
.
In the future, the accumulation before the holiday is more certain, and the trend of aluminum prices is weak in the short term, but traders are more willing to hold prices, and it is expected that the aluminum price will fluctuate
in the future.
The aluminum shock closed higher, pre-holiday or continued to fluctuate
.
In the short term, due to the uncertainty of the epidemic, demand may shrink to a certain extent, but scrap aluminum recycling enterprises have been affected by the holiday, coupled with the strengthening of automobile demand, consumption places have gone to the warehouse again, and the terminal field real estate, automobiles, and power in the terminal areas with a large proportion of aluminum terminal demand have performed well
.
Foshan aluminum: Last Friday, the South Reserve Foshan aluminum ingot was quoted at 14910-14970 yuan, the average price was 14940 yuan, up 120, and the monthly post was 10
.
Aluminum prices rose more
.
The price in the late opening price changed the decline and volatility higher, the rally was stronger, driving the spot market to begin to improve, coupled with the market out of less and more, the spot transaction premium from the beginning of -10 ~ 0 yuan steadily rose to 30 ~ 40 yuan, the market transaction situation is acceptable, the spot transaction price is concentrated in 14930-14980 yuan, compared with the average price of South Reserve Foshan premium -10 ~ 40 yuan
.
Wuxi aluminum: Last Friday, the price of Nanchu Wuxi aluminum ingots was 14940-15000 yuan, the average price was 14970 yuan, up 100, up 20
for the month.
East China market at the beginning of the rise in the base price more boosted, spot transaction premium more than 10 yuan around, the market shippers and receivers are more, the transaction situation is better, the later base price slightly pulled back after continuing to rise, the premium also rose to 20~50 yuan, but demand weakened, market trading turned poor, spot transaction price concentrated between 14980-15020 yuan, compared with the average price of South Reserve Wuxi premium 10~50 yuan
.
At present, the fundamentals of the aluminum market are still relatively weak, the spot premium is narrowing again, the downstream receiving is weakening, and the consumption is weakening; According to the survey, most small and medium-sized processing enterprises have a holiday time concentrated in early February, and it is expected that there is still some room for decline in the operating rate of enterprises after entering February, and enterprises are relatively optimistic about the order demand
after the holiday.
