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Aluminum weekly review: watch the high aluminium rushed back next week, the Shanghai aluminum attention 1. 3 resistance ( 2016. 4. 18 - 4. 22)

by:Deyuan      2020-12-25
Core clew: this week both prices surged, Shanghai aluminum surged 7%, aluminum rose more than 5%, and the production effect and funding to promote make aluminum prices especially Shanghai relatively & other; Crazy & throughout; , but not endure, is expected next week to watch the high rushed back, Shanghai aluminum $1650/1700 resistance, Shanghai aluminum attention 1. 30000 yuan resistance performance.

a, electrolytic aluminium market

in east China: aluminium appear in this week, is preeminent, outstanding performance, especially on Friday, rose 380 yuan/ton, the Yangtze river spot prices by 11910 yuan/ton on Friday to go all the way up to the current 12600 yuan/ton, up nearly 700 yuan. Spot market, the price surge in market suppliers delivery enthusiasm, but the downstream enterprises and intermediary actual receiving more cautious, dragged down the market clinch a deal, although this week price increases sharply, but the actual transaction did not improve, instead of a delicate situation.

in south China: as of Friday aluminum ingots in south China in 12790 - to bring my ticket prices 12890, from Friday rose 630 yuan/ton, prices continue to rise, the downstream enterprises in the market inquiry, but less actual receiving, a shipper of pushing up prices, more strong period as the Shanghai aluminum, partial businessman rised in the mood, even trade enterprise receiving strength is reduced, clinch a deal market as a whole.
2, aluminium scrap market


around aluminium scrap prices this week to follow prices rose sharply, foshan region, more than 400 yuan to increase degree of machine raw aluminum and paper board with gains achieved 600 yuan/ton, clean machine aluminum prices in 9500 near the south China. With other regions or degrees in 300 - 500 yuan. Spot market, aluminium scrap market clinch a deal this week more cautious, significantly reduced from last week, mainly by prices continue to rise, market price of the chaos phenomenon, recyclers worry afternoon aluminium scrap prices, receiving a fading, even some smelters by actively looking for aluminium scrap supply of goods to the long time consumption of inventory this week, stop the stock of the situation, but still normal delivery, downstream enterprises and high receiving much, more than watching.

3, futures market analysis

Aaron aluminum rally this week, as of 15 points on Friday, Aaron aluminum plate hitting $1646, on Friday near the $1638, up from last week about $83, or 5. 37%, is a basic metal best this week.

Aaron aluminum continuous rise this week, Monday to Thursday & other; Quadruple Yang & throughout; MSC, including 2 of biggest gains on Wednesday. 46%, also broke through $1600 every resistance. Aluminium round up a major push by the following factors: first, last year's domestic and international aluminum enterprises production effect appeared gradually, LME stocks have been falling since this year, Shanghai period also continuous inventory in late march to start next week decline, supply pressure relief is rising prices fundamental factors; Second, China in the first quarter economic data released last week, boosting confidence for China's economy, while a more powerful domestic prices to some extent also bring aluminum; Finally, basic metal stronger oil prices rose again to promote this week.

in the short term, prices or even & other; Crazy & throughout; , Aaron aluminum or reach $1700, but as we have stressed before, huge excess capacity still exists, just opened its cost is higher, it is not economical, but prices if a long time to remain above $1600, and production capacity is expected to gradually increase, temporarily not bullish on aluminium medium-term trends.

Shanghai aluminum surging 7% this week, 15 points on Friday closed at 12805 yuan, is also its highest level this week, up 845 yuan from last week, trading volume increased dramatically, from last week but small holdings.

this 3 weeks ago in Shanghai aluminum shocks edged up, break through the 1. 20000 strong resistance, pull to rise dramatically since Thursday and Friday, Friday's close close to harden, domestic capital in aluminum prices through key spree after intervention, Shanghai aluminum holdings increased more than 20000 hand on Friday. Shanghai more aluminum surged from domestic funds, so we think it's difficult to rally lasting, maintain cautiously bullish view, next week 1. Near 30000 need to guard against risk callback.

4, operating advice

this week both prices surged, Shanghai aluminum surged 7%, aluminum rose more than 5%, and production effect and funding to promote make aluminum prices especially Shanghai relatively & other; Crazy & throughout; , but not endure, is expected next week to watch the high rushed back, Shanghai aluminum $1650/1700 resistance, Shanghai aluminum attention 1. 30000 yuan resistance performance.
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