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On Monday, metals moved higher and lower
.
Shanghai aluminum main force opened at 14180 yuan / ton in the morning, early intraday bulls took the initiative to enter to push up aluminum prices, Shanghai aluminum straight line rose to touch the high 14245 yuan / ton, high bears face the front, aluminum prices opened a downward market, the afternoon low touched 14140 yuan / ton, low bulls tried to enter the market, Shanghai aluminum stop falling shock closed at 14175 yuan / ton
.
The trading volume decreased to 131094 lots, the position increased by 7316 lots to 251602 lots, and the short positions were mainly increased, and the short-term expectation of short entry enthusiasm increased, focusing on the effectiveness of
the 10-day moving average support.
In terms of external trading, Lun aluminum opened at 1929 US dollars / ton in the morning, before the afternoon of the Asian market London aluminum around the daily moving average oscillation, slightly touched 1934.
5 US dollars / ton, in the afternoon by the domestic market and precious metals plunge dragged down, Lun aluminum rapid down, into the European trading session, London aluminum inertia continued to decline low touched 1919.
5 US dollars / ton, then the 10-day moving average support first appeared, Lun aluminum tried to revise up to near the daily moving average, as of 17:56 reported 1924 US dollars / ton, pay attention to the US employment market conditions index in June, It is expected that Lun Aluminum will continue to test the effectiveness of
the 10-day moving average support.
In terms of the market, aluminum futures jumped to 14,065 yuan / ton at the opening of the month, and then fluctuated at a high level, and fell rapidly at the end of the day
.
Shanghai transaction concentration is 13930-13950 yuan / ton, the discount for the month is 100-90 yuan / ton, Wuxi transaction concentration is 13930-13950 yuan / ton, Hangzhou transaction concentration is 13940-13950 yuan / ton
.
Holders actively shipped, the discount narrowed, the middleman had no room for operation, close to delivery, which was more unfavorable to the receipt of goods, but turned to shipment actively, the opening jumped inexplicably, downstream enterprises were afraid of heights and waited again, and the overall transaction showed the characteristics
of Monday wait-and-see.
In the late afternoon, aluminum continued the decline before the afternoon, and the price once fell below 14,000 yuan / ton, and a small number of transactions in East China were 13,900-13,910 yuan / ton
.
On the news front, oil prices fell nearly 3 percent on Friday as U.
S.
production increased and OPEC exports hit a new year's high, casting a cloud
over producers' efforts to curb a global oversupply.
Gold fell to a nearly four-month low on Friday as stronger-than-expected U.
S.
employment data raised the likelihood of a U.
S.
interest rate hike and pushed the dollar
higher.
The dollar rose across the board after reports showed that the U.
S.
economy created more jobs in June than expected and the month before, keeping the Federal Reserve on track to raise interest rates at least once more this year
.
LME three-month aluminium fell 0.
7 percent to $
1,930 a tonne.
Intraday Shanghai aluminum main force 1709 contract fell slightly, the end of the market closed at 14175, the price in the 14000 line consolidation after the higher, momentum, short-term to rise, rebound to see around 14500, light long ideas mainly, intraday there is a sharp fall can continue to take back long orders
.
