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On Wednesday, the main contract of Shanghai aluminum 1808 rose strongly, the increase expanded significantly, closing at 14945 yuan / ton at the end, up 1.
46% per day, and the daily closing price hit a high point since May 17 this year, indicating that the willingness of aluminum prices to rise has risen
.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between Shanghai aluminum 1807 contract and 1808 contract narrowed to 60 yuan / ton
.
In the external market, the London aluminum oscillation strengthened, the rise has expanded, of which as of 16:20 Beijing time, the 3-month LME aluminum was reported at 2339 US dollars / ton, up 0.
97% per day, the current Lun aluminum gradually get rid of the recent oscillation range, highlighting the willingness of bulls to do long climbing, Lun aluminum above the rebound resistance to focus on 2400 US dollars / ton
.
In terms of the market, on June 6, Shanghai aluminum trading concentrated 14630-14660 yuan / ton, the discount for the month was 50-40 yuan / ton, Wuxi transaction concentration was 14630-14660 yuan / ton, Hangzhou transaction concentration was 14660-14670 yuan / ton
.
Intermediaries maintain a high willingness to receive goods, downstream enterprises purchase on demand, market circulation remains normal, and the overall transaction is good
.
On the macro front, the Asian dollar index continued to fall under pressure, falling further to around 93.
6 as the risk of political turmoil in Italy eased, while the dollar index suffered a technical pullback, giving further momentum to the base metals to rise
.
In terms of industry, according to the Wall Street Journal, in the Sino-US economic and trade talks held in Beijing last weekend, China proposed to purchase nearly $70 billion in agricultural and energy products from the United States, provided that the Trump administration abandons the threat
of tariffs on China.
During the day, Shanghai aluminum 1808 rose strongly to 14945 yuan / ton, highlighting the strong performance of aluminum prices, driven by the strong rise of Shanghai copper and Shanghai nickel, while the US dollar index fell under pressure, which was also conducive to the strengthening
of aluminum prices.
Operationally, it is recommended that the Shanghai aluminum 1808 contract can be backed above 14800 yuan to bargain price, enter the market reference around 14900 yuan, and target attention to 15100 yuan / ton
.
