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Aluminum market review, overnight Lun aluminum rebounded significantly, Shanghai aluminum also rebounded
.
On the macro front, the NAHB index of the United States remained stable in February, the import and export volume of the euro area gradually rebounded, Japan's industrial output rebounded from before, and the seasonally adjusted commodity trade balance was positive for the first time since July last year, but imports and exports continued to decline
year-on-year.
In terms of spot, the transaction price in Shanghai is between 13790~13800 yuan / ton, and the transaction price is basically flat last Friday, the transaction price is between 13790~13800 yuan / ton, and the transaction price in Hangzhou is between
13800~13820 yuan / ton.
Following the announcement of last week's tax cuts, yesterday was the first day after the futures month, and the spot premium exceeded $200, and traders took into account the decline in the tax rate after the tax cut, and there were more
receivers yesterday.
The market supply is more sufficient, and the transaction is more active, but the downstream manufacturers are still performing on the sidelines, and there are not many
basic on-demand procurement receipts.
In terms of inventory, LME aluminum inventory was 1175650 tons, down 7,200 tons from the previous trading day, and the aluminum warehouse receipt in the previous period was 546508 tons, down 1,632 tons
from the previous trading day.
On March 18, according to statistics, domestic electrolytic aluminum social inventory (including SHFE warehouse receipts): Shanghai area 312,000 tons, Wuxi area 623,000 tons, Hangzhou area 137,000 tons, Gongyi area 147,000 tons, South China Sea area 415,000 tons, Tianjin 56,000 tons, Linyi 31,000 tons, Chongqing 34,000 tons, consumption of aluminum ingot inventory totaled 1.
755 million tons, an increase of 10,000 tons from last Thursday, Guangdong still contributed the main increase
.
In terms of the industry, recently, in order to promote the construction of the 1.
2 million tons of alumina project with an annual output of 1.
2 million tons of Bai Mining Group, make up for the industrial shortcomings of Bai Mining Group, and promote the development of the whole industrial chain of coal, electricity and aluminum integration, Bai Mines Group held a project promotion meeting
with the Napo County People's Government in the second conference room.
Overnight, the trend of the outer disk metal diverged, Lun aluminum bottomed out, and Shanghai aluminum recycling fell yesterday
.
The latest inventory data continued to rise slightly, and the destocking process was tortuous, mainly from Guangdong
.
At present, consumption continues to grow, but the new production is in a state of successive volume, the supply increment and the consumption increment compete, and the aluminum price is difficult to get out of the trend market
.
