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Trade Service
On Monday, the main 1910 contract of Shanghai aluminum opened at 14270 yuan / ton
in the morning.
After the opening, the bulls reduced their positions in Shanghai and aluminum diving, falling straight from the high of 14275 yuan / ton, falling below the 10-day moving average, falling to 14210 yuan / ton
.
Houhu aluminum fluctuated slightly, touching 14190 yuan / ton
at a low level before noon.
In the afternoon, short profits reduced positions, and Shanghai aluminum fluctuated upward, closing at 14215 yuan / ton
at the end of the session.
In terms of external trading, the LME is closed due to the summer bank holiday in the UK
.
Short-term technical pullback, long and short profit exit
.
Coupled with the uncertainty of the trade war increasing again, non-ferrous metals are at risk of falling under pressure, and funds are leaving the market on the sidelines
.
However, from a fundamental point of view, the off-season is short, and the daily social aluminum ingot inventory continues to fall by 20,000 tons, and it is still recommended to seek a low and long opportunity
.
In the spot market, the performance of aluminum in the month was mainly
range-bound.
In the morning, the transaction price of Shanghai Wuxi market was between 14250-14270 yuan / ton, and the opposite plate premium was between 30-40 yuan / ton, which was nearly 50 yuan / ton lower than the previous day's price, the spot price in Hangzhou was between 14250-14270 yuan / ton, and the aluminum price fell slightly after 11:00, and the spot in Shanghai and tin began to concentrate between 14240-14250 yuan / ton, and the opposite plate premium was 20-30 yuan / ton
.
The market supply is more sufficient, the price difference between the current month and the next month's ticket is within 10 yuan / ton, although the carrier shipment is more active, but the performance is strong, although the middleman has a strong willingness to receive the goods, but the receiving price is difficult to be recognized by the holder, the two sides are deadlocked, the buyer and seller inquiry offer activity is high but the actual transaction is average
.
Due to the decline in aluminum prices and the replenishment demand, a small amount of downstream replenishment, but still mainly on-demand procurement, the enthusiasm for receiving goods has not increased significantly
.
In the late afternoon, aluminum maintained a narrow range of fluctuations, a small amount of spot trading in the market around 14260 yuan / ton, the opposite surface premium around 40 yuan / ton, mostly traders between transactions, downstream almost nothing
.
