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Trade Service
On Monday, the main contract of Shanghai aluminum 2002 opened at 14140 yuan / ton in the morning, only touched 14145 yuan / ton at the beginning of the session, the bulls took the initiative to reduce their positions and leave the market, Shanghai aluminum continued to fall before the afternoon, falling below the 10/5 daily moving average one after another, and the low once touched the 20-day moving average of 14060 yuan / ton
.
After the bears took advantage of the dip, Shanghai aluminum repaired some intraday declines, closing at 14105 yuan / ton
at the end of the session.
The position decreased by 6356 lots to 104069 lots
.
In terms of external disk, Lun aluminum opened at 1818 US dollars / ton
in the morning.
During the Asian session, Lun aluminum fell below the 5/10 daily moving average with the decline of Shanghai aluminum, and the low touched 1809 US dollars / ton, although the Shanghai aluminum rebound in the afternoon rebounded, as of 15:00 Lun aluminum was reported at 1816.
5 US dollars / ton, almost repaired the intraday decline
.
During the European session, due to the fall of the US index, Lun aluminum tried to rush higher, the high once touched 1825 US dollars / ton, and then quickly retreated, as of 18:37 Lun aluminum reported 1814 US dollars / ton
.
The postponement of Sino-US negotiations has caused uncertainty in the trade war, and at the same time, due to the US use of force against Iran, the Middle East has been re-entrenched, and the US index is weak, non-ferrous metals will be boosted as a whole, and it is expected that Lun aluminum will remain strong and volatile
.
In terms of the market, the flat spot inventory of aluminum ingots did not exceed the expected accumulation, mainly due to the heavy snow in Inner Mongolia affecting the shipment of automobile aluminum ingots, which supported the price of Shanghai aluminum
.
Considering the increase in the variables of the external macro situation, it is recommended that short-term speculative funds can leave the market and wait and see
.
In the spot market, aluminum fell back at the opening of the month
.
The transaction price of Shanghai and Wuxi market was traded between 14510~14530 yuan / ton, the premium of the month was between 110~120 yuan / ton, the premium fell by 40 yuan / ton from last week, the transaction price of Hangzhou was concentrated between 14510~14530 yuan / ton, and the mainstream transaction price in East China fell by about
20 yuan / ton compared with the previous trading day.
The intraday market circulation is relatively loose compared with last Friday, the shipment volume of holders has increased compared with last week, the middlemen are enthusiastic about receiving goods, the trading between the two sides is acceptable, and the purchase plan of large households on Monday has not been implemented
.
Downstream intraday receipts are general, and downstream orders weaken after entering January, and procurement enthusiasm is also affected
.
East China intraday transaction is acceptable
.
In the late afternoon, aluminum performance was sideways, the end of the day floated, the holder's quotation was around 14520 yuan / ton, the opposite plate surface premium around 120 yuan / ton, only a small number of transactions between traders, almost no
downstream.
