Copper solvent extraction reagent, Nickel Cobalt extractant, DEHPA & Rare earth leaching solvent

Weekly review: aluminum aluminum form in good condition, is expected to continue to rise, 8. 15 - 8. 19)

by:Deyuan      2020-12-23
Core clew: this week the dollar continues to boost, aluminum breaks through the previous high, hit a year high, but apparently Aaron aluminum after breakthrough 1700 integer pass, momentum is abate, short-term long-short is expected to continue to around $1700 / ton, but the overall trend is changeless, is expected to continue to break through $1700, hit a record high. Shanghai aluminum by fetching in months since the delivery rebound, the Shanghai aluminum still stabilised over all quad, display rise in their inner desire, Shanghai aluminum material to maintain strong trade in the short term, the overall gaining trend remains the same, attention to above 1. 30000 the pressure.

a, electrolytic aluminium market

figure 1: the Yangtze river spot aluminium charts
in east China, the Yangtze spot prices this week, though in months fell one hundred yuan, but the capital, the overall is still in the rally, situation is much better than last week, spot prices as of Friday Yangtze river in 12780 - 12820 yuan/ton, 210 yuan from Friday's rebound, spot transactions, before delivery, businesses more cautious, trading is not much, after delivery, downstream enterprise on-demand procurement, but as the price increases gradually, wait-and-see mood is aggravating, but is more active, middlemen pay to clinch a deal this week which between traders. As the off-season fade, golden nine silver ten traditional peak season, market demand or improved.

figure 2: south China aluminum spot charts
in south China: week south China aluminium is different from the shape of the east China area rose one hundred yuan, but a fall in the market, differentiation, both movements in south China market of the early receiving strength is greater than the east China region, as the price increases gradually, the downstream enterprises gradually reduce receiving, held this week in southern China shipper shipment is positive, the market clinch a deal is fair. In another development, according to the manufacturer to reflect, in southern China aluminum processing enterprises at present order is increased recently, or is affected by season in September.

2, aluminium scrap market

table 1: aluminium scrap prices compared to
this week around the foshan aluminium scrap prices stable end last week, following prices rebound, as shown, is in 100 yuan, as of Friday, south China clean machine raw aluminum market mainstream price is near to nine thousand, more than in other parts of performance stability, prices haven't changed much. Markets, clinch a deal in hebei region are still affected by the environmental protection, but the market clinch a deal the fair this week, stock market, neighboring heilongjiang, liaoning, jilin and other sources more sold to hebei, northeast area Jiangsu area still is given priority to with on-demand procurement, market supply is abundant; Henan region environmental raids this week is still not over, manufacturers appear closure phenomenon; Guangdong area smelter on-demand stock of raw materials, receiving recyclers demand a serious, the market in general.

the overall look, aluminium scrap prices this week is better than last week, clinch a deal the improvement is not obvious, is expected next week or small aluminium scrap price to go up.
3, analysis of futures market,


figure 3: Aaron aluminum date line charts
$index tightly holding metal market sensitive nerve, this week the dollar continues to boost, aluminum breaks through the previous high, climbed to $1709, the highest recorded highs, but apparently Aaron aluminum after breakthrough 1700 integer pass, momentum is abate, high aluminum rushed back, short-term long-short is expected to continue to around $1700 / ton, aluminum fluctuated violently, but the overall trend is changeless, is expected to continue to break through $1700, hit a record high.

figure 4: Shanghai aluminum date line charts
by Aaron aluminum rally support, this week, the Shanghai aluminum by fetching in months since the delivery, the Shanghai aluminum index climbed to 12690 high, this week is up 330 yuan. From the trend, the Shanghai aluminum still stabilised in both of the quad, according to its internal rise will, in addition with golden nine silver ten 'approaching, just need to purchase, the downstream recovery in consumption, under the background of market circulation supplies aluminum or maintain a strong trend, short-term Shanghai aluminum material to maintain strong whole, overall gaining trend is changeless, attention to 1 above. 30000 the pressure.

4, operating advice

this week the dollar continues to boost, aluminum breaks through the previous high, hit a year high, but apparently Aaron aluminum after breakthrough 1700 integer pass, momentum is abate, short-term long-short is expected to continue to around $1700 / ton, but the overall trend is changeless, is expected to continue to break through $1700, hit a record high. Shanghai aluminum by fetching in months since the delivery rebound, the Shanghai aluminum still stabilised over all quad, rose will show its are immanent, short period maintain strong finishing material Shanghai aluminum, the overall gaining trend remains the same, attention to above 1. 30000 the pressure.
Custom message
Chat Online
Chat Online
Chat Online inputting...
Please send email to jeven@metalleaching.com. Thanks.
Sign in with: