SHFE 1710 Aluminum Fluctuates at Highs as Longs Dominate (2017-8-17)    

[SMM Aluminum Alloy Daily Review] Today, ADC12 market quotes consolidated on a subdued note, with SMM ADC12 lowered by 100 yuan/mt. The cost side still offered some support, but the pullback in futures and primary aluminum prices weighed on market sentiment. Meanwhile, end-use demand was lackluster, marked by insufficient orders and weak transactional support. Enterprises generally adjusted prices by following the market, with a weaker willingness to hold prices firm. In the short term, ADC12 prices still face some downward pressure, but with cost support remaining in place, prices are expected to move sideways.

[ADC12 Price Daily Review: Tug-of-war between longs and shorts, futures pressure evident, ADC12 consolidates on a subdued note amid cost support] Today, ADC12 market offers consolidated on a subdued note, and SMM ADC12 dropped 100 yuan/mt.

Setelah pembukaan, kontrak berjangka aluminium SHFE mengalami koreksi ringan. Meskipun para pedagang di pasar Cina tengah berniat menahan harga tetap kuat, lemahnya minat beli dari perusahaan pengolahan di sektor hilir menekan transaksi pasar secara keseluruhan. Hanya pedagang lindung nilai yang bersedia membeli dalam jumlah besar saat premi tidak terlalu negatif, dengan tujuan memperlebar selisih harga untuk meraup untung. Penawaran pasar sedikit naik, tetapi tetap berada di level yang relatif rendah. Pada akhirnya, kisaran harga transaksi aktual di pasar Cina tengah berada di sekitar premi -170 hingga -190 yuan per ton terhadap kontrak aluminium SHFE bulan Agustus.