Aluminum price and steel price trend this week

Aluminum prices are waiting for breakthrough opportunities   Under the general environment of maintaining a loose monetary policy and excessive liquidity in the world, the supply bottleneck of the aluminum market is difficult to change in the near future. The recent trend of the domestic aluminum market is mainly to follow the fluctuations of the surrounding markets. The spot market has not been separated from the strong wait-and-see atmosphere. The aluminum price volatility continues, but the inventory continues to decrease and in the case of cost support, we believe that the short-term aluminum price is not There will be large fluctuations in the market. This week, Lun aluminum has fluctuated around the range of 2350-2500 USD. The Shanghai mainstream aluminum contract has fluctuated around the range of 17200-17700 yuan/ton, and the medium-term uptrend remains unchanged. In operation, there are still short-term in the short-term, and the mid-line is more than one single. The daily drop to 17,000 yuan/ton is a good opportunity to buy. Steel industry: short-term steel prices will fluctuate   Last week, dealer inventory stabilized and rose slightly. Last week, the overall steel market was weak, steel prices generally adjusted, and due to poor terminal transactions, inventory week-on-week, especially rebar and wire stocks increased by 2 on a week-on-week basis. % and 4%, while the board showed a slight decline. We expect short-term steel prices to fluctuate. From the recent steel prices and downstream demand, we expect steel mills to adjust their ex-factory prices to a small margin in the later period. Therefore, steel prices may still be dominated by shocks in the short term. Raw material prices rose more than steel prices, and tons of steel profit narrowed. As the price of raw materials such as iron ore rose more than steel prices, the profitability of major steel products declined slightly. Although the price of long products has fallen recently, it still maintains the highest profitability compared with other varieties. At present, we measure rebar gross profit of 381 yuan / ton, hot rolled ton steel gross profit of 27 yuan / ton, cold ton steel per ton of loss of 168 yuan / ton (considering 6 weeks of raw material inventory).

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