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On Wednesday, the main 2110 contract of Shanghai aluminum opened low and went low, the highest 21340 yuan / ton, the lowest 21050 yuan / ton, and the close of 21075 yuan / ton, down 1.
17% from the closing price of the previous trading day; LME aluminum rushed back down, as of 15:00 Beijing time, 3-month Lun aluminum was reported at $2693 / ton, down 0.
48%
from the previous trading day.
Market focus: (1) The third batch of aluminum released by the State Reserve Bureau within 70,000 tons, and the highest bidding prices in various places were released one after another: among them, the highest bidding price in Ma'anshan, Anhui Province was 20,271 yuan; The highest bidding price in Ulanqab City, Inner Mongolia is 19,971 yuan; The highest bidding price in Mianyang, Sichuan is 19,951 yuan; The highest bidding price in Baotou, Inner Mongolia is 20,118 yuan; The highest bidding price in Guilin, Guangxi is 20,079 yuan; The highest bidding price of Hubei Xiaogan is 20,034 yuan; The highest bidding price in Yingkou, Liaoning Province was 19,944 yuan; The highest bidding price in Qinghai Xining was 19,944 yuan
.
Spot analysis: SMM spot A00 aluminum reported 21140-21180 yuan / ton, the average price was 21160 yuan / ton, a daily decrease of 80 yuan
.
Changjiang Nonferrous Metal Network reported that the bearish cargo holders have shipped goods, the receiving party actively purchased at the bottom of the decline, the trading performance was average, and the overall transaction was cold
.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 74,745 tons, a daily decrease of 447 tons; LME stocks were 1336850 tonnes, up 2,175 tonnes
per day.
Main positions: the top 20 long positions of Shanghai aluminum main 2110 contract held 191371 lots, a daily decrease of 15151 lots, a short position of 195568 lots, a daily decrease of 14628 lots, a net short position of 4197 lots, a daily increase of 1261 lots, a long and short reduction, a net short increase
.
Market research: Investors pay attention to the recently released US employment data to understand the possible monetary policy path of the Federal Reserve, market caution has increased, and the dollar index has fallen again
.
Domestically, the dual control of energy consumption in the main producing areas and environmental protection inspectors continue to ferment, it is expected that under the strict implementation of this policy in Guangxi, the output of alumina enterprises in September will fall by 425,000 tons, and the production of electrolytic aluminum will be reduced by 475,000 tons on the basis of the operating capacity at the end of August, and the supply disturbance is expected to continue to form a strong futures price support
.
At the same time, the current domestic electrolytic aluminum social inventory continues to degrade, and under the transformation of the supply and demand pattern, the future market aluminum price is still optimistic
.
However, recently affected by the China Nonferrous Metals Industry Association holding a video meeting to prevent malicious speculation of aluminum prices and irrational news of the sharp rise, bulls are slightly cautious
.
In the short term, aluminum prices may be strongly volatile
.
