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Weekly review: aluminum aluminum as expected callback, material is still not over, 5. 3 - 5. 6)

by:Deyuan      2020-12-23
Core clew: both prices this week began to callback, Aaron aluminum fell to near $1600, the Shanghai aluminum below 12500 yuan, the callback is not over, on Friday night with heavy non-agricultural data, such as data, aluminium or fell again, next week is expected to aluminum 1550 - Aluminum 12000-1650, Shanghai 12500.

a, electrolytic aluminium market

in east China: prices this week after a continuous jump into a callback, although have during rebound, but the inhibition of rebound in the dollar, the space is limited, as of Friday the Yangtze spot prices in 12380 - 12420 yuan/ton, down in 250 yuan/ton. The spot market, the market supply of goods this week in addition to the wuxi section brand supply tight, slightly full, other areas after the grocers worry about prices continue to fall, eager to change shipment now actively, downstream enterprise according to the need to pick up the goods, middlemen dips replenishment, clinch a deal the general market.

in south China: as of Friday aluminum ingots in south China in 12690 - to bring my ticket prices Cut 230 yuan/ton, 12790, from Friday after the five small long vacation, the downstream business inventories decreased, the market well receiving mood, middlemen dips positive inventory, but according to the businessman chinalco shipments only this week, market circulation supply decreases, the dealer's price to sell goods, clinch a deal the fair market.

2, aluminium scrap market

five after a long holiday, aluminium scrap prices continue to give priority to in order to adjust, but relative to the spot price of aluminium ingot or significantly narrowed, as of Friday, foshan region to fall in 150 yuan more, machine aluminum price near $9350, in other parts of the aluminium scrap defensive price, how to fall in 50 - 100 yuan, hebei region because of the market supply of goods, businessman's price factors, price is more stable. Spot market aspect, this week, places such as guangdong, hebei, Mimi's market supply tight, smelting raw material purchasing actively, clinch a deal the price. Jiangsu and other places market supply of goods, recyclers and downstream enterprise receiving partial cautious, the market clinch a deal.

3, futures market analysis


this week Aaron aluminium finally started the expected for a long time the callback, as of Friday 15 Aaron aluminum fell to near $1600, down from last week about $70, or 4. 19% decline last week, clinch a deal for position to increase around 10000 closed.

Aaron aluminum this rally since mid-april, after rising, pan no obvious correction, to $1650 on the site, at the end of about 12%. LME will be closed on Monday, Tuesday aluminum significant decline, then fell to near $1600 consecutive. Dollar rebound from the jedi sparked the beginning of the aluminium prices callback, while China weaker manufacturing data is also declines.

at present is still in the callback trend of aluminum Aaron technically still has a downside, but 1600 dollars is the strong support, can break through remains to be seen, this Friday evening there will be the United States non-agricultural data, if the data is better, or continue to push up the dollar, Aaron aluminum or fell to $1550.

as of 15 points on Friday, the Shanghai aluminum main contract fell 365 yuan or 2 this week. 87% to close at 12340 yuan.

from the adjustment Shanghai aluminum is still better than outside dish, but lost 12500 yuan after the recent strong support, and then return to rally has yet to accumulate strength and have dipped below 12000 yuan may be next week, but continue to have a lower risk of broken, in 12000 - for the material 12500 yuan shocks between gaining.

4, operating advice

this week both prices began to callback, Aaron aluminum fell to near $1600, the Shanghai aluminum below 12500 yuan, the callback is not over, on Friday night with heavy non-agricultural data, such as data, aluminium or fell again, next week is expected to aluminum 1550 - Aluminum 12000-1650, Shanghai 12500.
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