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Today's Shanghai aluminum main month 1710 contract opened at 16290 yuan, intraday high 16755 yuan low 16265 yuan, and closed at 16465 at the end, up 210 yuan / ton
from the previous trading day.
The State Council meeting deployed to strictly control new production capacity, aluminum to capacity to rise again, today Shanghai aluminum vibration sharply higher, but the current trend is not clear, it is recommended that investors can maintain a wait-and-see first, beware of pullback
.
In the international market, the continuous increase in inventories shows weak market demand, and the upward support of aluminum prices is insufficient, and today Lun aluminum continues to fall, and the lower support focuses on $
2,000.
At 15:40 Beijing time, the LME 3-month aluminum was $2,092.
5, down $16.
5 from the previous session
.
In the spot market, today's spot trading price of Yangtze River is 16320-16360 yuan / ton, up 390 yuan / ton; Guangdong South Reserve reported 16340-16440 yuan / ton, up 430 yuan / ton; Hua reported 16430-16450 yuan / ton, up 390 yuan / ton; The average domestic spot trading price is between
16320-16360 yuan / ton.
Today's aluminum has risen sharply, and the holders are actively shipping at the high, but the middlemen and downstream are afraid of heights and wait and see sentiment, and the market transaction is cold
.
Market news: 1.
Up to now, Xinjiang Xi Aluminum has stopped more than 460 units, and the illegal production capacity has basically stopped
.
Shandong Weiqiao and Jinlian aluminum are also in the process of reducing production, it is expected that before the limit on September 15, illegal production capacity will not escape the fate of stopping production, and finally Weiqiao's operating capacity will remain at about 6.
4 million tons, and Jinlian aluminum's operating capacity will be about
600,000 tons.
2.
As of the first half of 2017, the total assets of Huida Aluminum were 60.
0023 million yuan, an increase of 8.
88% over the beginning of the current period; The asset-liability ratio was 53.
3%, an increase of 3.
33 percentage points
from 49.
97% at the beginning of the current period.
Net cash flow from operating activities was -7,363,300 yuan for the current period, compared to 717,300 yuan
in the same period last year.
In terms of inventory, foreign inventories continued to rise, domestic exchange warehouse receipts fell slightly, and domestic spot inventories continued to rise
.
On August 23, LME aluminum stocks increased by 5,750 tons to 1314475 tons, and the aluminum in the previous period decreased by 51 tons to 420464 tons
.
On August 21, the total inventory of domestic electrolytic aluminum in seven places was 1.
506 million tons, an increase of 33,000 tons
from last Thursday.
At present, the market is still in a game
between weak fundamentals and supply-side reform to reduce production capacity.
High inventories have increased pressure on real aluminum prices, while foreign inventories have continued to increase in the near future
.
The recent supply-side production reduction is expected to continue to support higher aluminum prices, so it is necessary to be cautious
in chasing the rise under the current increase in inventory.
