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Overnight, Shanghai aluminum volatility was strong, and the main force of AL2112 closed at 19095 yuan / ton at night, down 0.
47%.
Today's aluminum prices fluctuated higher, as of the close of 3 pm, the main 2201 contract of Shanghai aluminum closed up at 19250, up 65, or 0.
34%.
In terms of spot, Foshan A00 quoted 19260 yuan / ton, Wuxi A00 reported a premium of 90 yuan / ton, and the spot discount part narrowed to 80 yuan / ton
.
Shippers' shipments are stable, and downstream transactions are poor
.
In terms of processing fees, the processing fees of aluminum rods in various places were basically stable yesterday; The aluminum rod processing fee is reduced by 50-75 yuan / ton; The price of aluminum alloy processing fee ADC12 remained stable, the price of A356 increased by 200 yuan / ton, and the price of ZLD102/104 increased by 250 yuan / ton
.
In terms of inventory, the electrolytic aluminum destocking rhythm appeared, with weekly destocking of 14,000 tons to 1.
024 million tons, and Wuxi and Gongyi contributed mainly to the reduction.
In terms of fundamentals, demand is more pessimistic
in the off-season cycle due to the continued decline in real estate data and the lack of core in automobiles, insufficient recovery in consumption and approaching the off-season cycle, and cost collapse concerns caused by coal regulation.
Due to the short-circuit explosion accident of the Wenshan aluminum plant in Yunnan, the production line was all stopped, or the production capacity of 330,000 tons in the next quarter was affected; Guangxi, Chongqing and Qinghai regions have successively reported production cuts
.
The pressure of energy consumption in various places in winter has become the focus of market attention, and the short-term supply reduction has given some support to aluminum prices, and it is still necessary to pay attention to the subsequent demand reduction to suppress prices
.
Recently, Indonesia has news that next year will no longer export bauxite, and as one of the major bauxite exporters, this news undoubtedly has a certain impact on the overall supply of the market, indirectly boosting aluminum prices upward, but in the short term, the actual effect on aluminum prices is limited, mostly caused by market sentiment, short-term Shanghai aluminum or will continue to rise slightly, pay attention to 19,500 pressure levels, long-term still need to be vigilant against the risk of weakening aluminum prices after market sentiment
.
