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The increase of domestic electrolytic aluminum production supports the aluminum price.

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The increase of domestic electrolytic aluminum production supports the aluminum price.
The increase of domestic electrolytic aluminum production supports the aluminum price.

Abstract: however, the output of domestic alumina plants has declined due to social and public events, and alumina prices have stabilized; the recent rise in aluminum bar processing fees has stimulated the downstream production and formed a partial support to aluminum prices.

The situation of global social and public events continues to intensify, the impact on the global supply chain will continue to expand, the global economic recession may increase, and market panic will accelerate; at the same time, domestic electrolytic aluminum production will continue to grow, while downstream aluminum production will decline compared with the same period last year. Electrolytic aluminum inventory continues to accumulate, putting great pressure on aluminum prices.

However, the output of domestic alumina plants has declined due to social and public events, and alumina prices have stabilized; the recent rise in aluminum rod processing fees has stimulated downstream production and partially supported aluminum prices. Spot aspect, yesterday the market big family does not have the purchase plan temporarily, the market supply is still loose, the holder although the active shipment but the supply relative surplus background, the price advantage is not obvious, the middleman receives the goods mediocre, the downstream receives the goods condition to improve slightly yesterday.

Technically, Shanghai Aluminium's main 2005 contract volume increases, mainstream positions increase and decrease, and short-term shocks are expected to be weak. Operationally, it is suggested that the Shanghai Aluminum 2005 contract can be shorted in light positions around RMB12400/ ton, with a stop loss position of RMB12500/ ton.

Pub Time : 2020-03-25 14:55:44 >> News list
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