Concerned about the gap in early gaps to repair short-term low aluminum price shocks

Inventory: LME aluminum stocks were reduced by 1,200 tons to 4,323,875 tons compared with the previous period, aluminum alloy stocks were reduced by 20 tons to 26,720 tons from the previous period, LME aluminum's cancellation warrants were 2,317,150 tons by 53.59%; SHFE aluminum futures stocks were downed from the previous period yesterday. 898 tons to 70,677 tons, of which Shanghai and Zhejiang, Zhejiang Province, a larger inventory reduction, Guangdong and Jiangsu Wuxi inventory slightly reduced.

Relevant news: LME aluminum prices have risen more than 10% this year, which is used to determine the long-term price of certain imported alumina in China. At the same time, the trading houses that sell alumina are also seeking higher profit margins. Traders and aluminum smelter managers stated that Australian sellers reported to Chinese buyers that the longest alumina price for 2015 was at least 18% (FOB) of LME aluminum prices, which was higher than the 17.8% paid by some buyers last year. . Some Chinese alumina producers have quoted the contract price for 2015 as 18% of the Shanghai Futures Aluminum price, which is higher than 17.5% this year. Most Chinese alumina importers are still negotiating with the sellers, and after assessing Indonesia's ban on the export of aluminum, the decline in alumina inventory will have an impact on China's alumina production. Industry sources said that the estimated stock of bauxite at the end of the year was 34 million tons, which could support China's alumina production holding in 2015. Alumina Inc said last month that China may face a shortage of bauxite. The shortage of supply of bauxite in the upper reaches is expected to continue to ferment, adding to tight credit factors, and alumina prices may still be firm.

Operational recommendations: During the overnight US dollar index, the aluminum prices in both domestic and foreign markets did not go down and touched their respective bottom regions and rebounded, suggesting that the underlying support was strong, taking into account the market's enthusiasm for increasing domestic stimulus policies. ,Short-term suggestions to shock the main idea of ​​operation, can be appropriately dips to establish a small number of long positions, the middle is still rallies to build ideas, control stop loss.

Shanghai Aluminum’s main key below the February contract is 13300 points near the key support (integer mark and downgrade), and the pressure is near the top of 13,600 points (near the gap above the gap). Risk Warning: Concern over the guidance of market-minded meeting resolutions including the European Central Bank, including the European Central Bank, on the market today and tomorrow; prior to the release of the non-agricultural data on Friday (with good outlook), it is recommended that positions be controlled appropriately.