1. The spot price of domestic aluminum ingots has risen, and the market has formed a spot premium pattern:
(1) In October, the spot price of aluminum ingots in China market showed a rapid upward trend:
From the end of September 2002 to 65438+1mid-October, the spot price of South China Sea fluctuated within the range of 13700- 13900 yuan/ton. As soon as it entered the end of 65438+ 10, the spot price of Guangdong Nanhai rose rapidly: (Take the highest price announced by Nanhai Tong Ling Information Company as an example): 65438+ price approached 14000 yuan/ton, 22 nd 14080, and 23 rd 1 ton. The rise of spot price in the South China Sea led to the rise of spot price in Shanghai, and raised the monthly spot contract price of aluminum in Shanghai Futures Exchange, which led to the rise of forward futures contracts. The following table is the statistical table of China aluminum ingot market price in 10:
Name source: 65438+ 10, early price 65438+ 10, highest price 65438+ 10, lowest price 65438+ 10, end price 65438+ 10, average price.
Nanhai price storage warehouse1370014730136601446014460.
Tong Ling Information Company/KOOC-0/3740/KOOC-0/4850/KOOC-0/3730/KOOC-0/4550/KOOC-0/4/KOOC-0/39.
Shanghai price Huatong Nonferrous1382014650136001450013900.
Shanghai Futures Exchange spot monthly contract1352014260135201416013833.
Contract for three consecutive months1336013750133601364013512.
Note: The price of Southern Reserve generally represents the wholesale price of Nanhai, while the price of Tong Ling Information Company in Nanhai represents the retail price.
(b) In the past three months, the China aluminum ingot market has been showing a market pattern of spot premium.
In fact, in August, the China aluminum ingot market has already presented the market pattern of spot premium. The following figure shows the price trends between the spot price (the average price of the highest and lowest price of the day), the current aluminum contract price (closing price) and the three-month aluminum contract price (closing price) of the Shanghai Futures Exchange from August 1 to1October 3, 2002, which clearly explains the prices of the three.
We can clearly see from the chart that in the past three months, the domestic spot price has been higher than the futures price in the spot month, and the contract price in the spot month has been higher than the aluminum contract for three consecutive months.