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Aluminum weekly review: physical strength, is expected next week prices fell co. , LTD. ( 8. 22 - 8. 26)

by:Deyuan      2020-12-23
Core tip: Aaron aluminum since 1700 blocked fell this week, long-short game market, short-term aluminum sideways, fell space is limited; Shanghai aluminum with Aaron, but due to the tight spot supply continued support, next week is expected to price declines are limited, the spot proposal 1. 250000 the following can be a small amount to buy goods.

a, electrolytic aluminium market

figure 1: the Yangtze river spot aluminium charts
in east China: as of Friday, changjiang spot prices - in 12670 12710 yuan/ton, from Friday down 110 yuan. Prices slashed on Monday, and aluminum ingots in east China market increased the arrival of the goods, the shipper worry prices still have cut space, increase the intensity of shipments, premium below one hundred yuan, with the grocers rised mentality, spot prices began to strong, performed better than aluminum, premium further, as of Friday's premium has expanded to 200 yuan of above, middlemen dips receiving, trading is more active. Downstream enterprises keep more on-demand procurement, overall, the market clinch a deal this week is better than last week, mainly between traders. In another development, hangzhou for the G20 summit, logistics car is banned from entering, clinch a deal the diverge.

figure 2: south China aluminum spot charts
in south China: affected by the period in the decline of the aluminium Monday, foshan aluminum ingots price, down more than 200 yuan, after a few days slow decline and rebound phenomenon, but is limited, not recover losses, as of Friday's south China aluminum ingots in 12850 - to bring my ticket prices 12990 yuan/ton, from Friday down 150 yuan, or expand the east China area. Market transaction, market circulation in south China this week supply abundant, downstream enterprise wait-and-see atmosphere heavier, pick up the goods, the market clinch a deal between the traders, which an acceptable overall clinch a deal.

2, aluminium scrap market

table 1: aluminium scrap prices around the contrast

with aluminium scrap aluminum prices this week, all appear differentiation, foshan, Mimi, hebei and other regions with lower amplitude in the 50 - 100 yuan, as of Friday, south China clean machine cut to 8800 yuan, cast aluminium losses. Greiner region aluminium scrap prices as other regions, with the fall in more than 200 yuan. Environmental protection remains tight markets, clinch a deal in hebei region, recyclers carry out positive, clinch a deal the fair market. Jiangsu, Shanghai, shandong and other places market suppliers more pretty price for shipment, but has yet to improve downstream demand, aluminium wire supply relatively tight, smelter stock co. , LTD. Zhejiang area affected by the G20 summit, market trading co. , LTD. Henan greiner area environmental protection inspection this week end, the market began to normal operations. Foshan regional market clinch a deal, large aluminum processing enterprises, the current order more recently has been improved, but the market high quality machine aluminum supply tight.
3, analysis of futures market,


figure 3: Aaron aluminum date line charts
since last week's break through $1700 aluminum blocked, obviously this pressure obviously, and the us dollar has stronger inhibition of aluminium, Aaron aluminum downward move this week, the lowest intraday to rebound after 1632 dollars, long-short game remains fierce market, the market for the fed chairman yellen speech on Friday, the market expected yellen will raise interest rates process for clues. From the trend, Aaron aluminum back to near $1650, above 5 and 20 daily average lines converge to form strong resistance, short-term may continue to sideways, drop space is limited. The other for the UK bank holiday, on August 27 - 29 the LME prices stopped, 30 ( On Tuesday) Recovery, the domestic price normal to send.

figure 4: Shanghai aluminum date line charts
by Aaron aluminum slump dragged down, long positions as a safe haven, aluminium gravity down continuously, this week, the lowest 12240 yuan, Shanghai aluminum index dropped 355; This point caused by short, Shanghai aluminum repair declines, long-short both sides keep cautious attitude, and the aluminum spot market supply tight, aluminium firm, is expected next week because of physical strength, the Shanghai aluminum fell space is limited, do not rule out the possibility of a small rise.

4, operating advice

this week Aaron aluminum from the $1700 mark for the blocked, the center of gravity down, long-short game remains fierce market, the market for the fed chairman yellen speech on Friday, from the point of trend, aluminum back to near $1650, above 5 and 20 daily average lines converge to form strong resistance, short-term may continue to sideways, fell space is limited. The other for the UK bank holiday, on August 27 - 29 the LME prices stopped, 30 ( On Tuesday) Recovery, the domestic price normal to send.

Shanghai aluminum this week by Aaron slump dragged down, long positions as a safe haven, aluminium gravity down continuously, long-short both sides keep cautious attitude, and the aluminum spot market supply tight, aluminium firm, is expected next week because of physical strength, the Shanghai aluminum fell space is limited, do not rule out the possibility of a small rise. Buy spot below 12500 can be recommended.
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