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Weekly review: aluminum aluminum plant to gather production, aluminium will stabilise ( 6. 13 - 6. 17)

by:Deyuan      2020-12-23
Core tip: this week the prices very weak, Aaron aluminum showed a trend of rising, surpassed 1600 mark, pay attention to above 1650 pressure; Shanghai aluminum shakeouts, although prices weak, but in months, since to spot a strong support, with fall is limited, and aluminum plant production, material prices next week is still expected to maintain a strong finishing, partial to buy.

a, electrolytic aluminium market

figure 1: the Yangtze river spot aluminium charts
in east China, crude oil prices falling, restrain the price movements, very weak, the domestic price weakness, you can see by the picture, this week in east China aluminium ingot prices overall performance is steady, changjiang spot aluminum prices in 12180 - as of Friday 12220 yuan/ton, from Friday slightly lowered 30 yuan. Spot market, the market clinch a deal this week slightly cold and cheerless, aluminum ingots in months from agio to premium price, the shipper of normal shipment, the market supply of goods and cargo middlemen dips a little, but downstream enterprise is given priority to with on-demand procurement, receiving relatively cautious, the market clinch a deal.

figure 2: south China aluminum spot charts
in south China: this week in southern China aluminium ingot prices slightly better than the east China area, as of Friday aluminum ingots in south China in 12460 - to bring my ticket prices 12560 yuan/ton, from Friday raised 30 yuan. Spot market, the grocers in south China this week shipment is positive, downstream enterprises and intermediary in month ago more wait-and-see, procurement is not much, in months, the grocers firm prices, the downstream enterprises and intermediary dips began to pick up the goods, the market clinch a deal is fair.

2, aluminium scrap market

table 1: aluminium scrap prices around the contrast
after the Dragon Boat Festival, aluminium scrap prices are stable across south China clean machine aluminum near 8900 yuan /, the spot market, affected by the off-season factors, downstream demand is weak, recycled aluminum smelter orders, resulting in the reduction in the demand for aluminium scrap, merchants reflect the business is not good, recyclers active enthusiasm decline. Environmental eased in hebei region, aluminium wire appear in short supply situation, in other parts of the aluminium wire and clean machine aluminum supply is tight, next week is expected to aluminum scrap fluctuation space is still limited.
3, analysis of futures market,


figure 3: Aaron aluminum day line charts
the fed postpone raising interest rates to commodity prices, Aaron aluminum showed a trend of rise this week, pan has reached $1600, the highest rise to 1635. $5, a rise of 53 in the last week. $5, or 3. 42%. U. S. interest rates expected failed again and again, the market has been in the rear years is expected to raise interest rates, and LME aluminium stocks continue to decline, short-term is expected to aluminum continue to shock strong trend, and focus on $1650 above the resistance level.

figure 4: Shanghai aluminum date line charts
Aaron aluminum aluminum with rose, rose did not boost Shanghai supply uncertainty caused price direction is unknown, Shanghai aluminum is still in the low shock this week, the Shanghai aluminum index fluctuation in 11775 - as a whole 12030 yuan/ton, although rising prices, but since the delivery in months, spot prices strong support, Shanghai aluminum with lower co. , LTD. And companies to gather together to joint production, and inventory continues to reduce support, short-term is expected to Shanghai aluminum is still expected to maintain a strong finishing, below 11800 support clear, medium and long term is expected to rise, advice can be partial to buy.

4, operating advice

this week in aluminum, very weak, aluminum showed a trend of rising, pan has reached $1600, the United States to raise interest rates, the market is expected to years in the rear raising interest rates, short-term is expected to aluminum fluctuates up and down to around $1600, $1650 above resistance concern.

supply uncertainty caused price direction is unknown, this week, the Shanghai aluminum is still in the low turbulence, though rising prices, but since the delivery in months, spot prices strong support, Shanghai aluminum with lower co. , LTD. And companies to gather together to joint production, and inventory continues to reduce support, short-term is expected to Shanghai aluminum is still expected to maintain a strong finishing, below 11800 support clear, medium and long term is expected to rise, advice can be partial to buy.
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