华泰期货:宏观驱动下累库不改铝价上涨走势

市场资讯
Jan 05

来源:华泰期货作者: 封帆策略摘要氧化铝:供应过剩的局面始终未改,前期盘面价格大幅度贴水现货,刺激仓单消化,但随着月底盘面价格拉涨后,卖交割利润重新显现将会减少仓单风险。当前氧化铝市场格局集中度已经较高,在供应端不出现实质性供给收缩的情况下,价格缺乏持续上涨动力,且当前电解铝厂原材料储备充足,后期冬储预期不足,绝对价格上涨后,常规现货采购招标存在暂停取消的情况。海外矿端供应方面过剩预期不减,随着...

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