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Shanghai aluminum opened as low as 12,850 yuan / ton
in the morning on Thursday.
The opening profit short closed the position and left the market, and the high of Shanghai aluminum touched 12910 yuan / ton
.
The high led to a short increase in positions, and the downward low of Shanghai aluminum shock touched 12825 yuan / ton
.
In the afternoon, long and short positions were reduced to close at 12879 yuan / ton
.
In terms of external disk, Lun aluminum opened at 1669 US dollars / ton
in the morning.
During the Asian session, Lun aluminum opened slightly higher at $1675 / ton, then maintained range-bound volatility, and the range of volatility increased in the afternoon, as of 15:00 Lun aluminum was reported at $1665 / ton
.
During the European session, the low of Lun aluminum touched 1660.
5 US dollars / ton, and after Lun aluminum strengthened slightly, repairing the intraday decline, as of 17:16 Lun aluminum reported 1668.
5 US dollars / ton
.
Considering that the impact of the overseas epidemic is still expanding, the panic continues to expand, and the price of aluminum is still likely
to fall.
In the spot market, aluminum prices dipped at the beginning of the afternoon, and the later period was dominated
by range shocks.
Shanghai Wuxi market morning carrier quotation is around 12730 yuan / ton, after 10:30 the quotation is concentrated at 12710-12720 yuan / ton, spot liter discount is between
40 - 20 yuan / ton.
The intraday market has sufficient supply, the holders are active in shipments, the receivers are relatively few, and a large market does not announce the procurement plan within the day, the market demand is poor, there are more shippers than receivers, and the transaction price is slightly deadlocked, and the actual transaction between buyers and sellers is poor
.
Downstream intraday on-demand stocking, do not buy the decline in aluminum prices, the overall sentiment is pessimistic, and the receipt of goods is flat
.
In the late afternoon, aluminum maintained a narrow range of fluctuations, and the holder's quotation was around 12730 yuan / ton, and the discount on the plate was around 20 yuan / ton, only a small number of transactions between traders, and there was almost no
downstream.
During the day, the social aluminum ingot inventory continued to increase by 105,000 tons to 1.
593 million tons, and the terminal demand problem slowed down the recovery of downstream starts, resulting in a continuous increase in the social aluminum ingot inventory, and the increase rate did not decrease, and the domestic fundamentals still did not see obvious benefits
.
Overseas, due to the impact of the outbreak of the epidemic, panic has not abated, and the futures stock market has plummeted, which has also formed a significant suppression
of domestic prices.
It is expected that with the gradual expansion of the impact of the overseas epidemic, aluminum prices may still continue to decline slightly
.
