paigowonline| Shanghai Aluminum-Overall inventories are at low levels in recent years, and operating rates are expected to continue to improve in the near future
editor 2024-05-13 17:25:57 Nature 29
Macroscopic surfacePaigowonlineThe number of initial jobless claims rose more than expected last week, strengthening the market's bet that the Fed will cut interest rates later this year. Fundamentals, domestic alumina prices are supported by tight raw materials.PaigowonlineElectrolytic aluminum production is stable; last week, the operating rate of domestic aluminum downstream processing leading enterprises rose slightly, in which the operating rate of profile and cable plate rebounded, national grid orders and photovoltaic orders improved, and the weekly operating rate of supporting cable plate increased slightly; profile plate due to the delivery cycle pressure and downstream rigid demand procurement, the acceptance of relatively high aluminum price increased, supporting the operating rate The operating rate of the rest of the plate is mainly stable for the time being, and the downstream consumption of aluminum is still resilient, and the operating rate is expected to continue to improve in the near future. In terms of inventory, overall inventory is at a low level in recent years. Spot, according to SMM, last week East China shippers mainly, the transaction is general; the Central Plains spot transactions in general, downstream rigid demand procurement, spot discount. Operational recommendations, Shanghai aluminum AL2406 contract short-term shock trading, pay attention to the pace of operation and risk control.
Researcher: Cai Yuehui
Futures qualification number: F0251444
Futures investment consulting certificate number: 20013101
Assistant researcher: Li Qiurong
Futures qualification number: F03101823
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