Market long-short game Shanghai aluminum growth slowed down

This week coincides with the Christmas holiday, Wednesday, Thursday London metal closed, but the overall shock of Lun aluminum strong trend unchanged, Lun aluminum continued last week rebound market, the highest climbed to 1819 US dollars, from the plate point of view, macro tends to stabilize, but the fundamentals have not significantly improved, Lun aluminum has limited room to rise, and whether the Lun aluminum 1800 mark can effectively support remains to be seen, it is expected that next week Lun aluminum or fall into a shock trend, pay attention to 1780-1850 US dollars range volatility
.

Spot: South China spot aluminum price performance this week is stronger than East China spot aluminum price, as of Friday, East China spot aluminum price reported 14420-14460 yuan / ton, down 10 yuan / ton from last week, spot premium 180; Foshan aluminum ingot belt ticket price 14880-14980 yuan / ton, up 190 yuan / ton from last week, Guangdong-Shanghai price difference widened to 460 yuan / ton; Holders are firm and their willingness to sell prices will not change
.
It is expected that the rise in spot aluminum prices will slow down next week, and spot aluminum in East China will focus on the 14300-14500 range
.

East China: this week's aluminum price first rose and then fell, the beginning of the week continued the strong trend of volatility, Thursday, Friday volatility down, as of Friday, East China spot aluminum price reported 14420-14460 yuan / ton, down 10 yuan / ton from last week, spot premium 180; Holders are willing to hold the price, and as the price falls, the market inquiry increases, and some middlemen buy
in small quantities.

South China: South China spot aluminum is relatively strong this week, as of Friday, Foshan aluminum ingot with a ticket price of 14880-14980 yuan / ton, up 190 yuan / ton from last week, a weekly increase of 1.
29%; The price difference between Guangdong and Shanghai widened, and the price difference between the two places widened to 460 yuan / ton; Due to the high price of the month's ticket, the holder is more willing to hold the price, but the downstream processing enterprises are more wait-and-see, and the actual transaction is not as good as last week
.

In terms of stocks: this week's domestic social electrolytic aluminum stocks, Shanghai area 112,000 tons, Wuxi area 191,000 tons, Hangzhou area 52,000 tons, Gongyi area 36,000 tons, South China Sea area 126,000 tons, Tianjin 56,000 tons, Linyi 05,000 tons, Chongqing 14,000 tons, consumption of aluminum ingot stocks totaled 592,000 tons, down 12,000 tons
from last week.

Shanghai aluminum growth slowed down this week, from the trend point of view, costs continue to move down, and high profit stimulation limits the restart of production capacity, aluminum prices do not have upward momentum, but spot is firm, and London copper trend is strong, or continue to boost aluminum prices firm; Market long and short game, whether the main force of 14,000 mark can support remains to be seen, the later period is still expected to fall; it is expected that the main fluctuation range of Shanghai aluminum next week is 13900-14200
.
This week, Lun aluminum continued last week's rebound market, but from the plate point of view, the macro tends to be stable, but the fundamentals have not improved significantly, the rise space of Lun aluminum is limited, and whether the Lun aluminum 1800 mark can be effectively supported remains to be seen, it is expected that next week Lun aluminum or fall into a volatile trend, pay attention to the range of 1780-1850 US dollars
.