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On Wednesday, the main contract of Shanghai aluminum 1912 opened at 13785 yuan / ton
in the morning.
After the opening, the low level of Shanghai aluminum touched 13770 yuan / ton, and the low level led to the entry of bulls, and the overall Shanghai aluminum maintained a shock upward trend
.
Before noon, the bears at the 5-day moving average tried to block the attack unsuccessfully and quickly fled
.
After Shanghai aluminum broke through the 5-day moving average, the bears were relatively cautious, tried to snipe again at the end of the session, and left the market again after the defeat, and the Shanghai aluminum high touched 13840 yuan / ton, closing at 13855 yuan / ton
.
In terms of external disk, Lun aluminum opened at 1726 US dollars / ton
in the morning.
During the Asian session, Lun Aluminum tried to break upward, easily crossed the 5-day moving average after the opening to maintain a volatile upward, touched the 10-day moving average in the afternoon, and touched the high of $1732 / ton
.
After the inertia of the transition time of Lun aluminum to the trading session, Lun aluminum was reported at 1728.
5 US dollars / ton
as of 15:00.
During the European session, Lun aluminum dived, quickly leaked low, and as of 15:59, Lun aluminum recorded a low of 1716 US dollars / ton
.
On the whole, due to the increase in overseas alumina supply pressure, the non-ferrous metal plate Lun aluminum is obviously weak, although the center of gravity of the US index has shifted downward, it is difficult to boost the price of Lun aluminum, and the pressure on the upper 10-day moving average is greater
.
In the spot market, aluminum fluctuated up before noon of the month
.
The spot trading price in Shanghai Wuxi market is mostly concentrated between 13880-13900 yuan / ton, the opposite plate premium is around 30-40 yuan / ton, the price is nearly 100 yuan higher than the previous day, and the price in Hangzhou is between
13900-13910 yuan / ton.
Intraday aluminum rose sharply, the enthusiasm of the holders who were reluctant to sell in the early stage has been significantly improved, and the enthusiasm of middlemen to receive goods has not decreased, some traders believe that the spot market is tight, and there are certain expectations for aluminum prices and premiums in the short term, so the receipt of goods is more active, and buyers and sellers are actively
trading.
Due to the sharp rise in aluminum prices, some downstream are mainly on-demand today, but some traders have also reported that a small number of manufacturers have not bought much because of the price wait-and-see in the early stage, and now the inventory consumption is scarce and has to start receiving goods
.
After the continuous decline, the market bearish sentiment was released, considering that the current consumption is still relatively stable month-on-month, electrolytic aluminum production is less than expected, the probability of destocking continues, and Shanghai aluminum recorded a certain rebound
.
However, at the same time, the downward cost of long-term electrolytic aluminum, the increase in supply and the unpredictability of consumption sustainability make the rebound height of Shanghai aluminum relatively limited, and more will maintain the range shock after the center of gravity shifts
downward.
It is recommended to add short-band operations
.
