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Daily review: the market panic release aluminum shocks

by:Deyuan      2020-12-23
International markets are: oil prices continued to rise drive commodity prices higher, today's aluminum rose slightly, support on above $1700. Beijing time. Moreover, LME3 three-month aluminium 1629. At $5 a day 1. Five dollars.

( ) Domestic market: today Shanghai aluminum 1608 contracts opened 12425 yuan, main month low intraday high of 12475 yuan, 12340 yuan, close to 12365 in late, than the previous trading day down 10 yuan/ton. The federal reserve to raise interest rates expected to abate, panic to release most of the market, today's Shanghai aluminum back slightly, but the overall defensive performance, afternoon trend will remain range bound, recommends that investors can maintain wait-and-see attitude first.

the spot market: today's spot price is 12580 - 12620 yuan/ton, up 30 yuan/ton; Guangdong south store at 12810 - 12910 yuan/ton, flat; China reported 12690 - 12710 yuan/ton, up 30 yuan/ton; Stock clinch a deal the average price in 12600 - at home 12640 yuan/ton. Today is aluminum rose slightly, the shipper's price shipment, middlemen fill find cheap supply of goods storehouse, downstream still on-demand procurement, clinch a deal with light as a whole.

news both at home and abroad:

1, the world's second-largest aluminium producer Russia aluminum ( Rusal) Trying to increase profits in excess capacity of market environment, annual investment plan from now on until 2020-6 The $7 million increase the productivity of higher value aluminum alloy products.

2, from the point of various statistics, 2016 really ushered in the aluminum industry gradually into the track of good news: in the first quarter of 2016 domestic electrolytic aluminum production for 736. 80000 tons, compared with the same reduced by 1. 9%, the domestic aluminum market oversupply situation presents obvious improvement, rising prices to 1 per ton. 20000 yuan of above.
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