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This week, Shanghai aluminum showed a volatile upward trend, there was still a moderate pullback during the session, but it did not fall below the 20000 mark support, as of Friday's close, the main 2206 contract of Shanghai aluminum closed up at 20820, with a weekly cumulative increase of 2.
54%; Aluminum prices showed a volatile trend during the week, and the fluctuation range remained within
20,000-21,000.
This week, London aluminum continued to show a volatile rebound trend, the overall oscillation between $2800-2935, the center of gravity has shifted
up from last week.
As of Friday, the cumulative gain of London aluminum can reach 4.
3%.
Market sentiment repaired, the outlook for metal demand is once again optimistic, and the international conflict between Russia and Ukraine continues, once again driving crude oil prices up, multiple positive influences driven, the overall rally this week will not change, low inventory support, it is expected that next week Lun aluminum is still or shock preference
.
In terms of the market, the stable shipments of cargo holders, the market supply is acceptable, the enthusiasm of traders to enter the market has increased, and some enterprises have resumed production, and the market transaction this week is slightly better than last week
.
East China, the high of the US dollar fell, the domestic real estate market is favorable, and the epidemic is gradually under control, the market sentiment has improved significantly, this week aluminum prices have fluctuated upward, Monday rose more prominently, as of Friday, East China spot aluminum in 20750-20790 yuan / ton, up 660 yuan / ton from last Friday, spot discount 10 yuan
.
South China, as of Friday, Foshan Nanhai aluminum ingot ticket price between 21000-21100 yuan / ton, up 600 yuan / ton from last Friday, compared with East China slightly inferior, the current aluminum ingot price difference between the two places is still about 280 yuan, narrowed from last week; In terms of market transactions, downstream enterprises have increased their enthusiasm for entering the market for procurement, and the transaction is acceptable
.
The global economic downturn and the Fed's "hawkish" remarks on interest rate hikes have had a bearish impact on the market, but the continuous decline in overseas inventories has also hedged to a certain extent, and the decline in aluminum prices has gradually stopped; In the country, the acceleration of the resumption of work and production of aluminum enterprises and the stimulus of the country's policies for real estate and other consumer fields, the weakness of the demand side is gradually improving, in the short term, aluminum prices will still maintain a strong shock trend, is expected to touch the 21000 pressure level and briefly break through, in the medium and long term, aluminum prices also have room to continue to rise
.
