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LME aluminum is closed on
Monday.
The main 2102 contract of Shanghai aluminum fell sharply, with the highest 16,000 yuan / ton and the lowest 15,520 yuan / ton during the day, closing at 15,565 yuan / ton, down 2.
11% from the closing price of the previous trading day; The trading volume was 178558 lots, with a daily increase of 45118 lots; The position was 117590 lots, an increase of 5813 lots
per day.
basis 625 yuan/ton; The price difference between Shanghai aluminum 2101-2102 months is 240 yuan / ton
.
Market focus: (1) Trump signed the new crown relief bill into law, which contains $1.
4 trillion in combined spending to fund defense spending and domestic programs, and a $900 billion new crown relief bill
.
(2) On December 27, Europe officially launched a large-scale vaccination program, and the government has signed more than 2 billion vaccine contracts with a range of vaccine suppliers and set a goal
of vaccinating all European adults by 2021.
(3) Mysteel data, on December 25, the inventory of electrolytic aluminum in China's main market was 79,000 tons, an increase of 03,000 tons from last week, and an increase
was recorded for five consecutive weeks.
Spot analysis: On December 28, spot A00 aluminum was reported at 16170-16210 yuan / ton, with an average price of 16190 yuan / ton, down 120 yuan / ton
per day.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 6,483 tons on Monday, a daily decrease of 26 tons, a 30-day decline; On December 24, LME aluminum stocks were 1372350 tons, down 5,750 tons
per day.
As of the week of December 25, the Shanghai aluminum inventory in the previous period was reported 225277 tons, an increase of 12,532 tons
.
Main positions: the top 20 long positions of Shanghai aluminum main 2102 contract were 65338 lots, a daily increase of 3681 lots, short positions were 82091 lots, a daily increase of 1302 lots, a net short position of 16753 lots, a daily decrease of 2379 lots, both long and short increased, and the net space decreased
.
Market research and judgment: Shanghai aluminum 2102 fell
sharply on December 28.
US President Donald Trump agreed to sign the stimulus bill, coupled with the start of vaccination efforts in Europe, market risk sentiment has increased, but there is still a possibility
of an outbreak in the spread of variant viruses.
The recent pollution weather in the north has caused some aluminum companies to face production stoppages, downstream demand has weakened, and domestic electrolytic aluminum spot stocks have continued to rise; However, the domestic electrolytic aluminum production capacity is slow, so that the inventory growth is still limited, and aluminum prices are facing a slight pullback pressure
.
Technically, the main 2102 contract of Shanghai aluminum fell under pressure, and the bearish atmosphere was heavier, and it is expected that the short-term will continue to be weak
.
