Copper solvent extraction reagent, Nickel Cobalt extractant, DEHPA & Rare earth leaching solvent

Aluminum weekly review: small probability is expected to raise interest rates, prices or shock rebound next week ( 5. 23 - 5. 27)

by:Deyuan      2020-12-23
Core clew: this week in aluminum, very weak, Aaron aluminum maintain bottoming finishing near $1550, the Shanghai aluminum once below 1. 20000, but then retrieve the mark. Focus on the market at present the possibility of the fed to raise interest rates in June, is expected to raise rates probability is small. Aluminium or shock rebound next week, Aaron aluminum - 1530 Aluminum 11900-1600, Shanghai 12300.

a, electrolytic aluminium market

figure 1: the Yangtze river spot aluminium charts
in east China, east China aluminum prices overall performance this week after the first suppression Yang, four days before decline reached 210 yuan, a reversal on Friday, to recover losses, changjiang spot aluminum prices in 12520 - as of Friday 12560 yuan/ton, from Friday raised in 60 yuan/ton. Spot market, a few days ago prices continue to decline, the shipper's price is rised, intermediaries and the downstream enterprise on the dips replenishment, as spot prices began to strong, in east China discount rose rapidly expanded to 150 yuan of above, prices soared on Friday, the shipper of shipment, but the downstream and middlemen wait-and-see hinder market clinch a deal, market trading slightly light this week.

figure 2: south China aluminum spot charts
in south China: this week in southern China aluminium ingot prices slightly inferior to the east China area, are still ended higher after initially falling, as of Friday aluminum ingots in south China in 12840 - to bring my ticket prices 12940 yuan/ton, flat on Friday. Spot market, this week in south China market supply of goods is a little tight, prices continue to drop several days ago, the shipper of ship control, intermediaries and downstream receiving mood is higher, the overall market clinch a deal is fair.

2, aluminium scrap market

table 1: aluminium scrap prices compared to
this week around the aluminium scrap prices on the spot aluminum defensive several days ago, on Friday to recover some losses, as a whole from Friday's downgrade - fifty Aluminium scrap price with 100 yuan, the guangdong area fall in 50 yuan/ton, in other areas, is in one hundred yuan, as of Friday, south China clean machine raw aluminum market mainstream in 9100 - quotation 9300 yuan/ton. Spot, hebei region in recent days again strict environmental protection, local scrap aluminum smelter affected is larger, with narrow profit reason, most companies reflect the business difficult to do. Guangdong area businesses reflect influenced by season, the order has been reduced, the demand for aluminium scrap raw materials. Jiangsu area aluminium scrap market supply of goods, smelter interacting, receiving more, clinch a deal the general market. Aluminium scrap prices or little higher prices next week.
3, analysis of futures market,


figure 3: Aaron aluminum date line charts
as we expected last week, this week's aluminum to continue in the bottom of the consolidation, high of $1567, the lowest $1532, as of Friday comes to near $1557, up from last week about $8.

this week market lacks bombshell guidance, Aaron aluminum moves slightly, the fed will raise interest rates again in June is the recent market focus, fed officials constantly released speech cause market fluctuations in big or small, but not enough to make aluminum prices break through current shock interval, for now, the smaller the possibility of raising interest rates. As we analysis last week, Aaron aluminum $1500 is an important support, below may be small, next week is likely to shock is given priority to, or have a little higher.

figure 4: Shanghai aluminum date line charts
Shanghai aluminum ended higher after initially falling this week, dropping to 11900 yuan, the lowest intraday rebound after recover some losses, 15 points on Friday closed at 12220 yuan, down 215 yuan from last week, fell 1. 73%, volume increased from last week, but more than 50000 hand position.

aluminium prices this week 3, Shanghai aluminum days before up to 12500 yuan, the bulls profit-taking made prices fall again, and below 12000 yuan, the price of the following, short settle for push prices from their lows. Next week is expected to aluminum prices still have again and again, but the overall fall co. , LTD.

4, operating advice

this week in aluminum, very weak, Aaron aluminum maintain bottoming finishing near $1550, the Shanghai aluminum once below 1. 20000, but then retrieve the mark. Focus on the market at present the possibility of the fed to raise interest rates in June, is expected to raise rates probability is small. Aluminium or shock rebound next week, Aaron aluminum - 1530 Aluminum 11900-1600, Shanghai 12300.
Custom message
Chat Online
Chat Online
Chat Online inputting...
Please send email to jeven@metalleaching.com. Thanks.
Sign in with: