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On Thursday, the main 2001 contract of Shanghai aluminum opened at 13750 yuan / ton
in the morning.
Before noon, Shanghai aluminum maintained a narrow range, touching 13730 yuan / ton
at a low level.
Later, as the social aluminum ingot inventory continued to fall by 44,000 tons, the bears left the market safely, and Shanghai aluminum continued to rise, close to breaking through the 5/20/10/40 daily moving average, and touched 13815 yuan / ton at the end of the day, closing at 13810 yuan / ton
.
In terms of external disk, Lun aluminum opened at 1769 US dollars / ton
in the morning.
During the Asian session, Lun Aluminum maintained a range fluctuation near the 20-day moving average, touching a high of $1770.
5 / ton
.
In the afternoon, Lun aluminum volatility weakened, as of 15:00 Lun aluminum was reported at 1763.
5 US dollars / ton
.
During the European session, Lun aluminum fluctuated downward, the low touched 1756 US dollars / ton, the low has not yet touched the 5-day moving average, as of 18:02, Lun aluminum reported 1760.
5 US dollars / ton
.
In the nonferrous metal, aluminum still maintains a relatively strong trend, and it is expected that London aluminum will oscillate in the evening in the 60/20 daily moving average, maintaining a large fluctuation range
.
In the spot market, aluminum futures maintained range fluctuations
before noon of the month.
Shanghai and Wuxi market spot quotations concentrated between 13950-13960 yuan / ton, compared with the previous day slightly up about 10 yuan / ton, the current month plate premium between 70-90 yuan / ton, the lower yue piao price and the current month price difference is about 10 yuan / ton, after 11:00 aluminum price center of gravity rise, but at this time the transaction heat falls, the actual transaction price did not rise
.
Hangzhou spot price transaction is concentrated between 13990-14010 yuan / ton, Hangzhou traders quotation is relatively firm
.
Intraday cargo holders are more active, middlemen have a strong willingness to receive goods at low prices, and the trading between the two sides is acceptable, but a large market has less purchases, lack of this part of participation, the overall transaction between traders is not as good as the previous day
.
Downstream on-demand procurement, receiving goods is mediocre without much highlights
.
The inventory exceeded expectations and the long-term expectations of electrolytic aluminum fundamentals continued to move back, but at the same time, domestic electrolytic aluminum also lacked significant positive factors, bulls did not dare to catch deep, short-term Shanghai aluminum will still maintain a band movement
.