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Today's Shanghai aluminum main month 2101 contract opened at 16410 yuan / ton, the highest intraday 16560 yuan / ton, the lowest 16370 yuan / ton, settled 16465 yuan / ton, and closed at 16515 yuan / ton, up 195 yuan
.
Today's Shanghai aluminum is running at a high level, the macro atmosphere is generally warm, the good news of vaccines is frequent, and fundamental production has increased, but inventories are at a low level and continue to decline, and demand has not decreased
significantly.
Today, LME three-month aluminum opened higher and higher, and the LME three-month aluminum Beijing time was reported at 2049 US dollars / ton at 15:00, up 22.
5 US dollars, or 1.
11%,
from the settlement price of the previous trading day.
In terms of the market, today's spot trading price of Yangtze River is 16720-16760 yuan / ton, up 100 yuan; Guangdong South Reserve reported 16810-16870 yuan / ton, up 70 yuan; Hua reported 16820-16840 yuan / ton, up 80 yuan
.
The circulation supply is relatively sufficient, some of the holders ship at low prices, the enthusiasm of large households to receive goods is acceptable, and the transaction activity is average
.
Industry news, the World Bureau of Metal Statistics (WBMS) reported that the global primary aluminum market was oversupplied by 1.
709 million tons from January to October 2020, and 479,000 tons in 2019
.
From January to October, primary aluminum production increased by 3.
9%, and demand increased by 1.
12%
year-on-year.
China's production is estimated at 30.
628 million tons, which currently accounts for about
55% of the world's total production.
At present, aluminum stocks and aluminum prices cooperate and affect each other, and the early stage is also forming a wave of resonance rising market, and the performance of aluminum-related stocks in the recent stage is general, indicating that market sentiment has begun to cool down, and continue to pay attention to the linkage between
the two markets.
From a fundamental point of view, from the downstream operating rate, processing fees and spot premium performance, the real demand is not satisfactory, and orders near the end of the year are facing a month-on-month decrease
.
However, under the guidance of the current macro sentiment, investors are more willing to believe that the decline in table demand and inventory represents that the real demand is not weak, and the BACK structure itself restricts the bearish sentiment, and can focus on the performance
of the increase and decrease of positions in the social treasury.
