Aluminum weekly review: economy and demand concerns depress prices pressure drop (
The 38th week)
One, the aluminum spot trends
domestic concerns triggered the market demand, weak economic data on demand and economic growth concerns hangs over the commodity market, spot prices pressure drop.
investor optimism of the sino-us trade relations in good commodity market, spot prices rebounded.
this week spot aluminium prices range downward trend, CCMN, according to the Yangtze river spot AOO aluminum ingots week the average price in 14322 yuan per ton, weeks 56 yuan/ton, fell after a chang-jiang zhou spot aluminum average price at 14460 yuan per ton, fell 138 yuan/ton, sequential or 0.
2, aluminum futures trend
suspicious of sino-us trade relations to ease market, investors cautious wait-and-see.
The fed's rate cut during the year for the second time in line with market expectations, Aaron aluminum price performance relatively quiet.
This week's aluminum prices remain range-bound.
Afternoon focuses on $1700 support level.
under the influence of the traditional 'golden nine silver ten, electrolytic aluminium to inventory is expected to improve or limit price declines;
The global stock market slump dragged down commodity market sentiment, Shanghai aluminum prices.
this week, the Shanghai aluminum prices maintain downward trend;
Shanghai aluminum 1910 week contracts are settled the current month to 14319 yuan, from last week's settlement price drop of about 0.
1 weekly drop.
3, aluminum inventory analysis
Aaron aluminum inventory movements maintain downward trend this week, the latest inventory to 897900 tonnes, 13050 metric tons, reduce inventory decline about 1.
Shfe al this week a total stock of 338046 tons, 4765 tons less than last week, fell about 1.
this week four, macro information
domestic aspect: the current consumer market overall smooth operation.
Monitoring of retail commerce enterprise sales rose in August 2.
3%, growth and flat last month.
international aspects: inflation compensation based on market indicators are still low, based on the investigation of the longer-term inflation expectations were little changed.
this week five, the aluminium market dynamic
Aluminium market supply of 65 in July.
10000 tons, for the gap in the whole year of 2018, 85.
2, August 2019, the national 297 electrolytic aluminium production.
2346 300000 tons, the total output.
600000 tons, reduce compared to 0.
Cumulative rises 30%, 1.
6, aluminium afternoon looking
weak economic data led to a domestic commodity market slowdown in demand concerns, weak spot price trend this week.
domestic market coincides with National Day long vacation next week, investors are buying will rebound, or promotion price shock stabilized, small and medium-sized up next week is expected to price stability.