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On Thursday, the main contract of Shanghai aluminum opened at 13900 yuan / ton in the morning, the data showed that the electrolytic aluminum inventory data was flat week-on-week, the industry is expected to usher in an inventory inflection point to boost market confidence, the dollar fell, and the aluminum price stepped up to touch 14010 yuan / ton driven by short hedging, but the high 5/10 daily moving average superimposed on the 10,000 integer mark showed strong resistance, and the aluminum price fell back to close near the 5-day line at 13970 yuan / ton
.
In terms of the external market, in the morning, Lun aluminum opened at 2083 US dollars / ton, boosted by the weak US dollar, Lun aluminum rose sharply at the beginning of the session once broke through the 2100 US dollars / ton integer mark to touch 2105.
5 US dollars / ton, and then narrowly fluctuated above the daily moving average, the fluctuation range was less than 10 US dollars / ton, and then the rise was blocked obviously, entering the European trading session, Lun aluminum inertia leaked, back to 2088 US dollars / ton line, as of 16:50, Lun aluminum reported 2094.
5 US dollars / ton, pay attention to the Bank of England interest rate decision and dollar trend, Pay attention to the domestic Shanghai aluminum trend leading
.
In terms of the market, the shipholders are actively shipped, the spot price and discount are stable, the middlemen and downstream enterprises receive the goods stably, there is no change, and the overall transaction is average
.
During the day, the Guangdong market transaction concentrated in 13760 ~ 13780 yuan / ton, Guangdong-Shanghai price difference slightly widened to around 40 yuan / ton, recently Guangdong arrived more, the local aluminum ingot inventory has increased to 442,000 tons, the willingness of the holder to ship is positive, the middleman trading activity is general, downstream on-demand procurement, the overall market transaction is general, decent
.
In terms of inventory, during the day, the inventory of aluminum warehouse receipts in the previous period was 812655 tons, an increase of 2319 tons
over the previous trading day.
As of March 21, LME aluminum ingot stocks were 1283025 tons, down 5,650 tons
from the previous session.
On the whole, the current inventory continues to refresh the historical high and there is new production capacity, demand has not fully recovered, aluminum prices will be under pressure, and the cost side may support
aluminum prices.
Technically, the daily K-line continues to be suppressed by the moving average, the MACD indicator green column is shortened, and the Shanghai aluminum oscillation is expected to run, the operating range is 13800-14100, for reference
only.
