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Trade Service
On Monday night, the main position of Shanghai aluminum moved to the 2002 contract
.
The main company opened at 13850 yuan / ton overnight, after the opening of the long and short game, the center of gravity slowly moved up around the 5-day moving average oscillation, and finally closed at 13880 yuan / ton, up 35 yuan / ton, an increase of 0.
25%, mainly
long positions.
Recently, long funds continue to move to the far month, it is necessary to continue to pay attention to the change in the price difference of the main contract and the change of terminal demand in the month, and it is expected that the intraday shock will run at 13810-14000 yuan / ton, and the spot pair will rise by 30-50 yuan / ton
in the month.
The price of AOO aluminum ingots in East China was 14,080 yuan / ton, unchanged
.
At present, the domestic electrolytic aluminum social inventory fell below 700,000 tons, the agency said that according to the production capacity launch and production reduction capacity resumption process, the release of production capacity in the future market or will be at a low level, there is a weak expectation on the supply side, the situation of electrolytic aluminum destocking may continue, and today's spot aluminum prices are expected to rise
.
Recently, the Shanghai aluminum shock has been slightly stronger, and the destocking has exceeded expectations to support aluminum prices, which is still the main driver
of aluminum prices.
Last Friday's US non-farm payrolls data significantly exceeded expectations, causing most of the external non-ferrous metals to rise, and the previously released manufacturing PMI data for November generally improved, showing that the global macro economy showed signs of slight stabilization and the macro atmosphere has warmed
up.
However, the negative factors of the aluminum industry chain are still there, the increase in the supply side of electrolytic aluminum is obvious, and the raw material end continues to collapse, which drags down the price of electrolytic aluminum, and it is expected to be dominated by narrow fluctuations before the end of the year
.
