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Today's Shanghai aluminum main month 2107 contract opened at 18390 yuan / ton, the highest intraday 18520 yuan / ton, the lowest 18220 yuan / ton, settled 18365 yuan / ton, and closed at 18260 yuan / ton, down 200 yuan
.
Today's Shanghai aluminum is weak and volatile, and the macro atmosphere sentiment is bearish, but there is still some support in the fundamentals, inventory dematerialization and supply disturbances are still continuing
.
Today, Lun aluminum rushed back down, and the latest quotation at 15:01 Beijing time was 2420 US dollars / ton, down 0.
5 US dollars, or 0.
02%,
from the settlement price of the previous trading day.
In terms of the market, today's spot trading price of Yangtze River was 18330-18370 yuan / ton, down 170 yuan; Guangdong South Reserve reported 18540-18600 yuan / ton, down 240 yuan; Hua reported 18450-18470 yuan / ton, down 170 yuan
.
The holder adjusted the price and sold off, the receiver entered the market at the low, the large household received the goods normally, and the overall transaction was
acceptable.
In the domestic market, yesterday the social treasury went to the library again, the rumors of storage in the market showed no signs of landing, and the overall fundamentals of the aluminum market were still healthy and good
.
For rumors of dumping reserves, attention should be paid to the impact of
dumping after the actual landing.
If the dumping of reserves landed, on the one hand, the price will have a corresponding correction, while stimulating downstream consumption, the aluminum ingot social library may not have too much increment (consider batching dump), on the other hand, considering that China's imports still have a certain gap, the amount of dumping reserves may not be enough to supplement this gap, so the disturbance of the supply and demand balance throughout the year is not too large
.
Without considering the dumping of reserves, it still maintains the previous view, believing that the impact of national regulation and control may be limited, and the space for subsequent downward correction of aluminum prices will not be too large, mainly because the basic orientation of the aluminum market is good, and the channel for destocking the social treasury is still smooth
.
The consolidation of the medium- and long-term marginal tight pattern of supply and the downstream start still maintain high operation, and it is expected that the destocking trend
will be maintained throughout the second quarter.
Follow-up suggestions pay attention to the specific landing of the national reserve and the lack of core in automobiles
.
