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[SMM Weekly selection] the downstream construction of aluminum has been stable month-on-month during the week, and overseas demand has not been quickly converted into new orders.
Jul 18,2020 12:35CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

"SMM aluminum industry chain weekly report" released, the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information released into a document for your reference.

The following is an excerpt from the weekly report of SMM aluminum industry chain:

This week (07.13mur07.17) Shanghai aluminum 2008 contract prices fell high, rising 14860 yuan / ton at the beginning of the week, brushing a new 21-month high, aluminum prices continued to rise against the background of lack of confidence began to show risk aversion, Monday position reduction of more than 15000 hands, followed by a few days of positions decreased one after another, aluminum prices also gave up all the gains in the previous two weeks on Thursday, falling to around 13960 yuan / ton, showing signs of a low rebound on Friday. Lun aluminum concussion fell this week, above the 1700 US dollars / ton barrier pressure is difficult to break through, the week recorded five consecutive overcast, the low stopped at 1650 US dollars / ton.

The regional weighted price of SMM alumina this Friday is 2495 yuan / ton, up 50 yuan / ton from last Friday. Driven by high aluminum prices on Monday, aluminum oxide plants and holders are willing to raise their prices. High quotations in the north once rose to around 2550 yuan / ton, but downstream electrolytic aluminum plants and traders are more on the sidelines, and the actual transaction scale is relatively limited. Only electrolytic aluminum plants in southwest China can purchase. After Tuesday, aluminum prices retracted periodically, panic spread to the upstream, some holding traders took the initiative to lower their quotations, the market shipping enthusiasm increased slightly, there was still no scale transaction, and the receivers were mainly wait-and-see.

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Catalogue of "SMM Aluminum Industry chain Weekly report" in this issue

Main points of this issue's weekly report

1. the downstream construction of aluminum has been stable month-on-month within a week, and overseas demand has not been quickly converted into new orders.

2. After the surge of domestic alumina, overseas prices rose slightly at the beginning of the week.

3. After the change of months, the price of aluminum in Guangdong and Shanghai continued to be reversed.

4. The processing fee has been adjusted after the base price plummeted after the arrival of aluminum bars reduced inventory.

5. The decline of domestic aluminum prices, the weakening of scrap aluminum prices, the recovery of overseas demand leads to the rise of scrap aluminum prices.

6. Japanese demand recovers overseas prices remain high and the price gap between domestic and foreign aluminum alloy ingots narrows

7. The order is abundant and the silicon factory is confident that the price will rise.

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The contents of "SMM China Aluminum Industry chain High-end report" include: macro hot spots, alumina, electrolytic aluminum, waste aluminum, aluminum accessories, aluminum, waste aluminum pre-baked anode analysis, the scope to accommodate the spot market, futures, inventory market performance and aluminum processing start-up rate research, and pay attention to real-time LME, SHFE and SMM prices. "View details

The "SMM China Aluminum Industry chain routine report" includes: macro hot spots, alumina, electrolytic aluminum, waste aluminum, pre-baked anode analysis, spot market, futures, inventory performance and other changes and related news, and focuses on real-time LME, SHFE and SMM price trends. "View details

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