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Today's Shanghai aluminum main month 2108 contract, opening 18905 yuan / ton, intraday highest 19350 yuan / ton, lowest 18865 yuan / ton, settlement 18700 yuan / ton, the end of the close to 19255 yuan / ton, up 550 yuan
.
Today's Shanghai aluminum high volatility, the first batch of national reserves landed today, but the aluminum inventory of domestic and foreign exchanges is still declining, and the social inventory of aluminum ingots has reappeared to decline, providing support
for aluminum prices.
Today, Lun aluminum fluctuated in a narrow range, and the LME was reported at $2,567 / ton at 15:02 Beijing time for three months, up $10, or 0.
37%,
from the previous session's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 19070-19110 yuan / ton, up 430 yuan; Guangdong South Reserve reported 19150-19210 yuan / ton, up 400 yuan; Hua reported 19130-19170 yuan / ton, up 430 yuan
.
Holders adjust prices and ship goods for cash, while receivers are afraid of high and less mining, the market trading performance is not good, and the overall transaction activity is average
.
In terms of fundamentals, domestic social inventories rose slightly to 876,000 tons last week from the previous week, and aluminum ingot stocks may gradually stabilize.
In the early stage, the central government made intensive statements on the upward trend of commodity prices, triggering a correction in aluminum prices; In addition, aluminum storage is determined to start in July to the end of the year, at about 50,000 tons per month, and the supply is expected to turn from tight to balanced
in the second half of the year under the impact of storage dumping.
In addition, Russia plans to increase tariffs on exported aluminum ingots from August to the end of the year, which will increase the cost of our imported aluminum, especially on the spot side
.
In terms of long-term trends, the promotion of new energy is conducive to aluminum downstream consumption, superimposed on carbon neutrality and domestic policies to suppress production capacity, the long-term center of gravity of aluminum prices is still expected to rise, the current trend of aluminum prices into a range of shocks, wait-and-see or bargain buying
.
