Aluminum weekly review: tight supply is aluminium, aluminium easy up to down,
Core tip: this week for delivery in month spreads, rally by slowing, long-short market cautious.
However physical strength, Shanghai aluminum easy up to down, next Monday in months, the spot will not rule out a slight decline, but after a brief consolidation, medium and long term trend remains the same, let wait and see.
Aluminum or by a weaker dollar, and may continue to go up, pressure above a $1700.
a, electrolytic aluminium market
figure 1: the Yangtze river spot aluminium charts in east China, the two cities this week prices overall performance within the vulnerability is weak, the payroll data on Friday night is strong, Aaron aluminum rise, outside dish, spot aluminium ingot price increase of nearly 150 yuan, on Monday, however this Friday to take delivery, business safety, pricing more shipment, back up, a few days after prices fell, the Yangtze river spot aluminum price from 13150 yuan to 12930 yuan, on Monday from Friday down 80 yuan.
Actively adjust the shipment of the spot market, this week a grocers, premium gradually back to the past decade, middlemen dips receiving, downstream enterprise receiving care, on-demand procurement is given priority to, the market clinch a deal is fair.
figure 2: south China aluminum spot charts in south China: recently affected by rain, aluminum ingots tight supply of goods, inventory decline gradually, the shipper's price more, as of Friday aluminum ingots in south China in 13370 - to bring my ticket prices
13470 yuan/ton, from Friday rose 30 yuan.
We have learned, at present, the railway has run normally, is expected to ease the tight aluminum ingots in south China, south China market clinch a deal this week difference in east China area, the downstream enterprises and traders will pick up the goods is not high, high strong wait-and-see attitude, the market trading co. , LTD.
2, aluminium scrap market
table 1: aluminium scrap prices around the contrast aluminium scrap prices this week following price rises 50 - on Monday
100 yuan, after a few days, though prices gradually lowered, but aluminium scrap defensive, held steady last four days, as of Friday near south China machine aluminum is in 9300 yuan.
Aluminium scrap market clinch a deal the little change from last week, under the influence of the off-season, the downstream demand is weak, lead to smelter orders, according to research, the regenerative aluminium smelter for aluminium scrap purchase only in maintaining the production needs, did not appear a large number of stock up phenomenon, aluminium scrap market supply of goods, recyclers interacting, receiving, volume slightly thin.
In the short term, aluminium scrap and modest, or still smooth pattern.
3, analysis of futures market,
figure 3: Aaron aluminum date line charts the positive economic data, and a weaker dollar boosted, this week's center of gravity of atr aluminum, refresh the previous high, as of Thursday, aluminum highest climbed to 1668.
A 12 months since the high of $5, short-term or by a weaker dollar, aluminum or continue to maintain high and volatile prices, but continuous rise at present, the technology has overbought, increasing back pressure, pressure over a $1700.
figure 4: Shanghai aluminum date line charts Shanghai aluminum spreads in month for delivery this week, apparently slowed, in 12425 - Shanghai aluminum continuous major fluctuations
12655 interval, rose last week rose 75 yuan, the disk on the long-short relatively cautious, the sidelines mood is thicker, holdings fell 20000 last week on the hand, from the point of trend, spot strength, Shanghai aluminum performance up to down, a month in next week, the spot will not rule out a slight decline, but after a brief consolidation, medium and long term trend remains the same, let wait and see.
4, operating advice
, after the last week in a week for delivery in month gap, prices rise slowed markedly, long-short market cautious, from the point of trend, spot strength, Shanghai aluminum performance up to down, a month in next week, the spot they would not rule out a slight decline, but after a brief consolidation, medium and long term trend remains the same, let wait and see.
aluminum short-term or by a weaker dollar, aluminum or continue to maintain high and volatile prices, but the continuous rising at present, the technology has overbought, increasing back pressure, pressure over a $1700.