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Short day review: today's prices continue to strengthen risk aversion

by:Deyuan      2020-12-23
International market: the latest global manufacturing data is mixed, the dollar index fell a boost, today's aluminum rose slightly, support on above $1600. Beijing time 16:2 and LME3 three-month aluminum $1574, compared with the previous trading day up 3. Five dollars.

( ) Domestic market: today Shanghai aluminum 1607 contracts opened 12125 yuan, main month low intraday high of 12315 yuan, 12060 yuan, close to 12305 in late, than the previous trading day up 125 yuan/ton. Affected by the reset OPEC production limit speculation, short risk aversion, today Shanghai aluminum rose sharply, prices in the short term or continue concussion pattern, recommends that investors can maintain a wait-and-see attitude.

the spot market: today's spot price is 12530 - 12570 yuan/ton, down 60 yuan/ton; Guangdong south store at 12500 - 12600 yuan/ton, down 70 yuan/ton. China reported 12640 - 12660 yuan/ton, down 60 yuan/ton; Stock clinch a deal the average price in 12530 - at home 12570 yuan/ton. Now aluminum fell today, hold shipment shipper of positive change, now part of middlemen to cover positions on dips, but downstream on-demand procurement, market clinch a deal.

news both at home and abroad:

1, non-ferrous industry reform of supply side first to be born may be the electrolytic aluminium industry. 15 q4 aluminium price below 10000 yuan/ton, industry-wide losses, the market reversed transmission of reforming the supply side, 15 years shut down electrolytic aluminium production capacity of 4. 09 million tons, industry slashed production supply and demand balance lead to irreversible. 16 q1 electrolytic aluminium production growth turns negative, electrolytic aluminium prices bottomed out, industry stage.

2, Rio tinto website article released on Thursday showed, aluminum subsidiary of the company's chief executive, Alf Barrios said recently that global demand has been growing rapidly, growth will be more than 4% of the dint of extension of long-term aluminum demand growth forecasts.
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