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This week, the aluminum market soared and fell sharply, rebounded slightly in the second half of the week, actively shipped in the midstream, and mainly purchased downstream on demand
.
The long-term rally of Lun Aluminum maintained, and this week it rushed sharply to around 3,000 under pressure to fall, paying attention to the subsequent adjustment
.
The long-term rally of Lun Aluminum maintained, and this week it rushed sharply to around 3,000 under pressure to fall, paying attention to the subsequent adjustment
.
From a macro perspective, there are more economic data this week, China's economic performance is stable, and the impact of the new crown virus in Europe and the United States is gradually dissipating
.
From the perspective of domestic industry fundamentals, the fundamentals are bullish and have not changed, but after the early concentrated speculation of power restrictions and supply restrictions, the short-term cumulative increase in aluminum prices has risen rapidly and fallen
.
Following the notices issued by Yunnan, Guangdong, Guizhou and other places, Shaanxi and Jiangsu have also successively issued power rationing notices to major enterprises, requiring strict compliance with the dual control indicators of energy consumption, and the production capacity of electrolytic aluminum has intensified again during the year, driven by this core power, spot prices continue to rise; However, with the profit of long funds leaving the market and the market sentiment falling, aluminum prices fell under pressure into a pullback consolidation, and the two-day decline exceeded 1,000 yuan
.
From the perspective of futures, the long trend of Hulun aluminum has not been destroyed, but the short-term surge coupled with the National Day long holiday, the profit market has been greatly reduced, resulting in sharp fluctuations in the market, and the adjustment may begin
.
Watch for continued strength for subsequent bulls
.
