October 19 Shanghai aluminum brief comment

This week, the center of gravity of Shanghai aluminum continues to move up, while cost prices remain low, aluminum plant profits are considerable, stimulating the launch of new production capacity, need to be vigilant of the pressure brought by the supply side, short-term is expected that Shanghai aluminum growth will slow down
.

Foshan aluminum: 10/19 Nanchu Foshan aluminum ingot quotation 14920-14980 yuan, the average price of 14950 yuan, up 120 yuan, up 95 yuan
for the month.
The absolute price rose sharply, the holders lowered the basis for shipments, the market fear of heights was obvious, the middlemen purchased on demand, and the overall transaction was light
.
The mainstream transaction price is concentrated between 14930-14970 yuan, which is -20~20 yuan
higher than the average price of Foshan in the South Reserve.

Wuxi aluminum: 10/19 Nanchu Wuxi aluminum ingot quotation 15050-15090 yuan, the average price of 15070 yuan, up 120 yuan, up 215 yuan
for the month.
Traders are actively shipping, the market is afraid of high spirits, the basis narrowing is large, the upward supply and demand of the market is weakening, and trading is relatively difficult
.
The spot transaction price is concentrated in 15040-15080 yuan, which is -30~10 yuan higher than the average price of Nanchu Wuxi
.

Last week, Lun aluminum fluctuated at a high around 1850, and there was not much room for rise and fall; Weak outside and strong inside, domestic Shanghai aluminum continued to rise, the main weekly increase of 2.
01%, the macro environment is unstable, aluminum prices rose slightly weak, Shanghai aluminum impulse weakened, is expected to maintain a high level of adjustment in the short term, the main focus is 1.
45-15,000, Lun aluminum focus on 1820-1880, East China spot aluminum 1.
47-15,100
.