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Tuesday Shanghai aluminum main contract 2004 first suppressed and then rose, the morning opening met the short position increase pressure, recorded an extremely long black line, the low touched 13445 yuan / ton, refreshing the two-week low, the low caused short risk aversion, short bags for safety, aluminum prices rebounded at a low level, slowly climbed all the way, to the afternoon back to 13555 yuan / ton intraday high, the end hovered at 13535 yuan / ton, up 30 yuan / ton, up 0.
22%.
In terms of external trading, Lun aluminum opened at 1700 US dollars / ton in the morning, maintaining range volatility during the Asian session, the high and low price difference was within 10 US dollars / ton, and the center of gravity moved slightly up after entering the European market, but the operation did not show strong, as of 17:25 Lun aluminum briefly touched the intraday high of 1706.
5 US dollars / ton, and finally closed at 1703.
5 US dollars / ton, up 4.
5 US dollars / ton, or 0.
26%, closing at the small white line The center of gravity fell below all moving averages, with a position of 743,000
。 In terms of the market, aluminum first fell and then rose
in the early afternoon.
The spot trading price in Shanghai and Wuxi was concentrated between 13390-13410 yuan / ton, basically unchanged from the previous day, the premium was concentrated between 70 and 60 yuan / ton, and the transaction price in Hangzhou was concentrated between
13400-13420 yuan / ton.
A small amount of concentrated around 13420 yuan / ton in the morning of the day, with the fall of aluminum holders' quotations have also been reduced, but the transaction is general, although the subsequent aluminum rebounded slightly, but the transaction price of both sides has not been significantly raised, the overall transaction of the intraday market is relatively light, the transaction is still dominated by the shipment of the holder, the middleman receives the goods more generally, and the transaction between the two sides is flat
.
There were no obvious signs
of stocking downstream during the day.
In the late afternoon, aluminum slowly rose, the price of the holder was around 13430 yuan / ton, and the discount on the plate was about 60 yuan / ton, only a small number of transactions between traders, and there was almost no
downstream.
Affected by the spread of the epidemic to the global bearish sentiment, U.
S.
stocks fell sharply, the U.
S.
index recorded three consecutive negatives, and the low level of the outer metal rose slightly, but aluminum prices were subject to weak demand, flat supply and demand news, limited gains, mainly range fluctuations during the day, and it is expected that the upside space in the short term is limited
.
Continue to pay attention to macro sentiment and macro data
such as US new home sales and consumer confidence.
Considering that the slow resumption of work and consumption in the downstream has not improved significantly, it is expected that aluminum prices will continue to have limited upward space, and pay attention to the change of
long and short positions.
