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Overnight, the main force of Shanghai aluminum opened at 16195 yuan / ton, the early inertia of the bulls actively entered the market to push up the aluminum price to touch 16460 yuan / ton, but the high encountered a frontal attack from the bears, the aluminum price shock downward triggered the early entry of the bulls to leave the market on a large scale, Shanghai aluminum release volume leaked, and then after a narrow range of shock for a while, the aluminum price again downward pierced the 16,000 yuan / ton integer mark, touched 15,925 yuan / ton, the low short counterfill, Shanghai aluminum repair part of the decline shock closed at 16060 yuan / ton, temporarily guarding the 16000 yuan / ton integer mark , the position volume decreased by 11908 lots to 434570 lots, and the long position was mainly
closed.
It is expected that today's Shanghai aluminum main contract or try to repair the overnight decline, the operating range is 16000~16250 yuan / ton, and the spot discount is 220~180 yuan / ton
.
In terms of the market, on the same day, the spot price of A00# aluminum was 15750 yuan / ton, up 610 yuan / ton from the previous day, and the discount of the near-month contract was 270 yuan / ton, the carrier shipments were more active, due to the expansion of the spot discount, so the middleman received the goods more actively, waiting for the basis after the delivery month narrowed, the main transaction was still concentrated in the trading between traders, the downstream fear of heights continued to wait and see, there were few procurement actions, and the overall transaction situation was slightly better than the previous day
.
In terms of news, Shandong shutdown illegal production capacity figures landed, internal and external prices rose, the current look at the supply-side reform exceeded expectations to reduce production and shutdown speed is stronger than expected, environmental impact assessment efforts continue to strengthen, although consumption has not yet entered the peak season, inventory record high background, the market for inventory inflection point has expectations, the news continues to ferment the bullish atmosphere, and the market is catalyzed by the peak shift production in the north at the end of the year, short-term or there is an upward inertia, but overproduction in the year is basically a foregone conclusion, and the time to destocking may be delayed
.
Operation suggestion, it is not recommended to chase long, short and long to reduce holdings
.
