CHINESE   |   ENGLISH

Search

Copyright ©2018 GUANGXI LIUZHOU YINHAI ALUMINUM CO.,LTD.    桂ICP备15007883号    Power by: www.300.cn  liuzhou

News

>
>
>
Aluminum weekly review: next week, the heating season will arrive, aluminum price or stop decline stabilizes (11.6-11.10)

Aluminum weekly review: next week, the heating season will arrive, aluminum price or stop decline stabilizes (11.6-11.10)

Page view
[Abstract]:
Coretip:thisweek,aluminumpriceoftheweak,thealuminumfourevenfell,belowthe2,100support,short-termmaterialscontinuetotestthisjuncturesupport;Shanghaialuminumfrequentlybelow16000,15500,closeddownforfiveco
Core tip: this week, aluminum price of the weak, the aluminum four even fell, below the 2,100 support, short-term materials continue to test this juncture support; Shanghai aluminum frequently below 16000, 15500, closed down for five consecutive days, or about 5%, after this week, short-term not rule out the possibility of repairing, and heating season next week, aluminum prices is expected to be stabilized, can buy in small quantities.
 
I. electrolytic aluminum market.

East China: short positions have been increasing, aluminum prices have tumbled, and this week, spot aluminum has fallen. As of Friday, the spot aluminum price in the Yangtze river has been quoted at 15280-15320 yuan/ton, down 700 yuan/ton from Friday.
 
On the spot market, prices continue to fall, depressing market confidence. In the market, there is a strong bearish mood. Some of the sellers even appear to be selling goods, which leads to the decline of the spot price along with the futures. The middleman is not prepared, and the downstream is very strong, and the overall transaction is weak.

In south China: south China aluminum ingots as of Friday with ticket prices in 15550-15650 yuan/ton, cut $700 from Friday, prices continued to fall, attract many with aluminium factory price of replenishment, trading activity improved significantly. As demand improved, the stock of aluminum ingots in guangdong province fell in the last two days, but the country's aluminum inventory rose to 1743, 000 tons. The north China market has been affected by the violation of regulations, the supply of aluminum water has been reduced, and recently it has been dominated by digestive inventory.
 
Ii. Scrap aluminum market.

Spot with aluminium, aluminium scrap prices this week has been cut offer, regional aluminium scrap all have varying degrees of decline, in 150-300 yuan/tons, after this week's slump in a row, market fears warmed up, the downstream smelter in the case of poor environmental regulations and requirements, purchase continue to caution, partial businessman interacting, purchase, however the grocers rised at a low price, clinch a deal is limited; Because of the limited supply of goods in the early market, hebei province can cause the price to be inflated. This week, the tension has been loosened and the price has followed the decline. Currently, the cans in hebei province are about 9500-9700 yuan/ton.
 
Forecast: next week after falling prices this week, aluminium also fell below a certain support, short-term not rule out the possibility of repairing, and heating season will come next week, hopes for support, aluminum prices is expected to stabilize, aluminium scrap also is expected to walk steadily.
 
Iii. Futures market analysis.

Rising dollar excitation in profits, and domestic prices weak influence, Aaron aluminum four Yin fell this week, trading below $2100 mark for the important support, the minimum hitting $2078, shock stabilized, then return to trading near $2100, over and over again for the mark for the support, after tumbling prices this week, next week, does not exclude the possibility has repair, Aaron aluminum or stop falling in 2080, again for the $2100 mark.

Depress prices, short hair force this week, the Shanghai aluminum weak decline, the main contract of 1801 below 16000, 15500 milestone support, lowest intraday dip to 15320, closed down for five days, this week accumulated losses of 750 yuan, or 5%, after continuous declines, slow decline on Friday, the Shanghai aluminum main back in 15500 near the shock, short-term is expected to seek the gateway support repeatedly, after tumbling prices this week, prices fell below a certain support, short-term not rule out the possibility of repairing, and heating season next week, the market should not be too much bad, aluminum prices is expected to be stabilizing.
 
Iv. Operation Suggestions.
 
Futures aspects: rising dollar stimulate profit-taking, Aaron aluminum four Yin fell this week, trading below $2100 mark for the important support, shock stabilized, then back to around $2100, after tumbling prices this week, next week, does not exclude the possibility has repair, Aaron aluminum or stop falling to $2080, for the $2100 mark again.
 
Depress prices, short hair force this week, the Shanghai aluminum weak decline, the main contract important gateway support frequently below 16000, 1801, 1801, closed down for five days, this week accumulated losses of 750 yuan, or 5%, after continuous declines, slow decline on Friday, the Shanghai aluminum main back in 15500 near the shock, short-term is expected to seek the gateway support repeatedly, after tumbling prices this week, prices fell below a certain support, short-term not rule out the possibility of repairing, and heating season next week, the market should not be too much bad, aluminum prices is expected to be stabilizing.
 
Inventory: this week domestic electrolytic aluminum social inventory, 352000 tons in the Shanghai area, wuxi region of 663000 tons, 442000 tons, the south China sea region of 109000 tons, gongyi, hangzhou region of 92000 tons, 54000 tons, in tianjin, chongqing area, 31000 tons of seven inventory amounted to 1.743 million tons of aluminum ingots.
 
Spot: as of Friday, east China spot aluminum traded at 15280-15320 yuan/ton, down 700 yuan/ton from last week, and the period is now reduced to flat water. Suggest a small amount of buying.