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On Friday morning, the main contract of Shanghai aluminum opened at 14150 yuan / ton, after the opening of the bears took the initiative to pressure, but at the same time the willingness of the bulls to protect the market is more obvious, the Shanghai aluminum index holdings rose rapidly, the aluminum price fell slightly to the low level to touch 14110 yuan / ton, and then the long and short game was more intense, the aluminum price fluctuated in a narrow range, the bulls had a slight advantage in the afternoon, the overall center of gravity of Shanghai aluminum moved up slightly, and the short-term positions at the end of the session left the market one after another, the main contract of Shanghai aluminum closed at 14165 yuan / ton, if there is no sudden disturbance disturbance, It is expected that the aluminum price will continue to be weak and volatile next week, the cost downward and the fundamental pressure of supply and demand are still the main factors restricting the rebound of aluminum prices.
In terms of the external market, Lun aluminum opened at 2149 US dollars / ton in the morning, the overall trend of London aluminum during the Asian session was relatively light, the overall center of gravity moved slightly up, entering the European trading session Lun aluminum volatility has improved, rushing up to 2168.
5 US dollars / ton after quickly falling back to 2153 US dollars / ton around narrow range shock, as of 18:32, Lun aluminum reported 2152 US dollars / ton, the current overseas aluminum market changes little, China's aluminum output fell month-on-month, while overseas consumption is also facing the off-season, the dollar strong high volatility, It is expected that next week, Lun aluminum will also continue to weaken the volatile market
.
In terms of spot, the Shanghai transaction concentration was 13990~14010 yuan / ton before the afternoon, the discount for the month was 70~60 yuan / ton, the Wuxi transaction concentration was 13990~14010 yuan / ton, and the Hangzhou transaction concentration was 13990~14020 yuan / ton
.
On the last trading day of June, the shipment efforts of cargo holders weakened, intermediaries actively inquired, seeking low-priced sources, downstream enterprises purchased according to just demand, and the overall transaction atmosphere was more active
.
In the late afternoon, the aluminum market shipped less, and the quotation was arbitrary, as high as 14030 yuan / ton, but it was difficult to see the transaction
.
In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 764685 tons, a decrease of 1171 tons
from the previous trading day.
LME aluminum stocks fell by 5,450 tonnes to 1112025 tonnes
on June 28.
On the whole, the decline in inventory may decrease under the weakening of downstream consumption, resulting in pressure on Shanghai aluminum
.
Technically, the daily K-line hand moving average system is suppressed, the RSI indicator is passivated, the MACD indicator green column is shortened, and it is expected that the main short-term shock operation of Shanghai aluminum is expected to operate in the operating range of 14000-14500, for reference
only.
