The demand is stable, and the spot aluminum price fluctuates at a high level on May 27

According to the data of business agency, as of May 27, the average market price of domestic aluminum ingots was 13360 yuan / ton, up 4.27% from 12813.33 yuan / ton at the beginning of the month (May 1).

 

EDTA

With the overall expansion of the resumption of production, domestic and foreign demand for aluminum is stable, and there is no significant change. A small number of enterprises have increased within the week of commencement due to their own scheduling reasons. Supply and demand improved in May, and domestic social inventory continued to move down. On May 21, the social inventory of electrolytic aluminum was 979000 tons, with a weekly decrease of 79000 tons.

 

At present, the recent contract price of aluminum in the futures market is higher than the forward contract price, and the futures market is expected to be short, which is mainly based on the poor expectation of overseas prospects and the consideration of import and export factors. On the one hand, the price of foreign aluminum (LEM) is relatively low, and the import window is open; on the other hand, the downstream aluminum exports are greatly affected by the foreign environment.

 

The fundamentals of supply and demand in the domestic market have been effectively improved. In the short term, the aluminum price is relatively strong, and in the later period, the operation is mainly stable. Business analysts predict that the monthly fluctuation operation is mainly in the range of 13100-13500 yuan / ton.

EDTA 2Na