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On Thursday, the Shanghai aluminum main 1803 contract opened in the morning, rising to 14380 yuan, and the price fell sharply to 14180 yuan in the afternoon, and finally closed at 14215 yuan, up 40 yuan, or 0.
28%.
In the external market, the LME aluminum March contract opened volatile and rose, rising at $2172.
5 during the session, after which the price fell sharply under pressure, closing at $2161, up $0.
5, or 0.
02%.
In terms of market, Shanghai transaction concentration is 14060-14080 yuan / ton, the discount for the month is 80-60 yuan / ton, Wuxi transaction concentration is 14040-14070 yuan / ton, Hangzhou transaction concentration is 14080-14100 yuan / ton
.
During the day, the shipment strength of cargo holders weakened, the spot discount narrowed compared with yesterday, the middlemen mainly delivered orders, Shanghai Wuxi downstream enterprises purchased on demand, the downstream stock volume in Hangzhou increased, and the overall transaction maintained stability
.
The spot transaction in Guangdong is concentrated in 14110~14120 yuan / ton, although the late Shanghai aluminum declined, but the holder did not reduce the price, Guangdong-Shanghai price difference remained around
60 yuan / ton.
During the day, Guangdong merchants obviously showed more reluctance to sell, so the market circulating source of goods is relatively limited, middlemen for the current aluminum price acceptance is higher, so the willingness to receive goods is positive, the overall transaction of the aluminum ingot market in Guangdong is hot, and the aluminum rod is not good
.
In terms of the industry, according to statistics from the Japan Aluminum Association (JAA), the production and sales of aluminum processing materials in Japan increased
year-on-year in 2017.
Among them, the total output of plates, extruded materials and foils was 2.
1898 million tons, an increase of 2.
6% year-on-year, and the total sales volume in the same period was 2.
1825 million tons, an increase of 1.
7%
year-on-year.
Sales of automotive plates were 171,400, up 5.
8%
y/y.
Rio Tinto's aluminium division said China's de-capacity measures represented a "fundamental shift" that would trigger new investment
in the global aluminium industry.
Overall, traders have bottom-picking demand, aluminum prices have rebounded, but the downstream generally into the holiday mode, pre-holiday aluminum market demand will gradually turn to flat, aluminum prices in the afternoon to narrow the increase, the future in the high inventory and high production pressure, the trend of pre-holiday Shanghai aluminum or still weak
.
On the technical side, the main KDJ dead cross and MACD dead cross of Shanghai aluminum, the price continues to face upward selling pressure after breaking again, and the moving average is arranged bearishly, and it is expected to focus on the support at the 14,000 yuan integer mark in the short term
.
