The hottest market worries are rising, and the mai

2022-10-22
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The main force of Shanghai aluminum fell under pressure on Tuesday, with a maximum of 14610 yuan/ton and a minimum of 14450 yuan/ton, closing at 14450 yuan/ton, down 0.96% from the closing price of the previous trading day; In terms of the external market, LME aluminum fluctuated and adjusted. It will benefit from the technical and engineering synergy within Volvo cars and the resulting significant economies of scope until 15:00 Beijing time. In three months, Lun aluminum reported $1774/ton, up 0.23% daily

market focus: (1) US President Trump's policy agenda specifically lists the theme of "China", including withdrawing manufacturing from China and making China responsible for the COVID-19. (2) In July 2020, the operating rate of China's electrolytic aluminum producers was about 81.75%, with a month on month increase of 4.1% and a year-on-year increase of 6.49%. (3) In July, China's total output of alumina was 6.1006 million tons, a year-on-year decrease of 1.6%; In July, China's total aluminum output was 4.8783 million tons, an increase of 14.2% year-on-year

spot analysis: on August 25, spot A00 aluminum was quoted at yuan/ton, with an average price of 14750 yuan/ton, up 50 yuan/ton per day

Warehouse Receipt Inventory: on Tuesday, Shanghai aluminum warehouse receipts totaled 138022 tons, with a daily decrease of 1348 tons; On August 24, LME aluminum inventory was tons, with a daily decrease of 1150 tons

main positions: the top 20 long positions of Shanghai aluminum main contract in 2010 are 63745, with a daily decrease of 3051, short positions of 75734, a daily decrease of 1759, clearance positions of 11989, and a daily increase of 1292. Each time when entering the program, 2 hands, the long positions are reduced, and the clearance is increased

Market Research and judgment: on August 25, the greater the main axial tension of Shanghai aluminum, the pressure fell in 2010. U.S. President Trump's policy agenda specifically includes the theme of China, which shows that there is a possibility of further deterioration of tensions between China and the United States, and the market's concern is rising; At the same time, domestic electrolytic aluminum production capacity is gradually restored, the operating rate of manufacturers is rising, and the pressure on aluminum prices is gradually increasing. However, the upstream alunrote alumina plant reduced production, and it is expected that the alumina price will stop falling and stabilize; And Honeywell spectrum& nbsp; SHIELD& reg; Bulletproof materials provide military protection. The current electrolytic aluminum inventory is still low on the whole, the pressure on the supply side is still limited, and the initial closure of the import window restricts the entry of overseas goods, which supports the aluminum price. Technically, the mainstream bulls of Shanghai aluminum's main contract in 2010 have reduced their positions significantly. They are concerned about the support of 14350 below, and are expected to adjust in the short term

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