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Today's Shanghai aluminum main month 2108 contract, opening 18615 yuan / ton, the highest intraday 18880 yuan / ton, the lowest 18550 yuan / ton, settlement 18770 yuan / ton, the end of the close to 18880 yuan / ton, up 110 yuan
.
Today's Shanghai aluminum opened low in the morning, but unexpectedly turned red at noon and fluctuated upward, the speed of Shanghai aluminum social inventory slowed down, Yunnan aluminum ingot smelter gradually recovered, but the progress was slow, even if the storage supply provided supplements, but the gap between supply and demand is still there
.
Today's Lun aluminum shock is strong, LME three-month Beijing time at 15:02 at 2518 US dollars / ton, up 9 US dollars, or 0.
36%
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 18640-18680 yuan / ton, down 50 yuan; Guangdong South Reserve reported 18750-18810 yuan / ton, down 40 yuan; Hua reported 18700-18740 yuan / ton, down 60 yuan
.
The supply of circulating goods is tight, holders generally sell at high prices, traders enter the market at low prices, large households are generally enthusiastic about receiving goods, and the transaction performance is acceptable
.
The current electrolytic aluminum social inventory continues the rhythm of destocking, this week's inventory decreased by 16,000 tons, the overall water level of 874,000 tons, it is expected that the destocking speed will further slow down
after the release of reserves.
In the past, prices will rebound to a certain extent in the period after the end of the dump, especially when
the selling volume does not meet market expectations.
The current market that sells less than expected reflects the rapid rebound of aluminum prices, and the fundamentals at the end of the peak season still have some support, and it is expected to show a strong trend of volatility in the short term
.
However, at the same time, if the National Reserve responds to the previous National Development and Reform Commission's monitoring of commodity prices, and carries out targeted work to ensure supply and price stability, according to the overall reaction of the reserve market and price changes, it is not ruled out that the State Reserve Bureau will dynamically increase the scale of storage in the future, and with the peak season turning weaker, aluminum prices will face strong upward pressure
.
