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On Friday, the main shock of Shanghai aluminum repaired the previous day's decline, and the morning rose to touch 13640 yuan / ton, but after the spot month, some middlemen chose to buy the cash selling period, the rise of aluminum was frustrated, the center of gravity of the afternoon transaction gradually moved down to the daily moving average, and some positions were closed and left the market at the end of the day, and the aluminum price was narrowly sorted out around 13600 yuan / ton, and finally closed at 13595 yuan / ton, up 10 yuan / ton, The main trading volume of Shanghai aluminum today decreased by 154,000 lots to 139,000 lots, and its position decreased by 6,968 lots to 246,000 lots, and the short profit hedging helped the repair
of aluminum prices.
In terms of external trading, during the Asian session, Lun aluminum opened at 1877 US dollars / ton in the morning, and the intraday rushed up to 1881.
5 US dollars / ton, but the upper moving average resistance is strong, Lun aluminum failed to form an effective rebound, aluminum prices fell back to around 1875 US dollars / ton after pressure to continue to fluctuate, as of 17 o'clock, Lun aluminum continued the trend of three consecutive negatives, lack of positive factors support, aluminum prices are difficult to form an effective reversal in the short term, weak continues
.
In the market, the morning aluminum price continued the upward repair momentum of the previous evening, but the top selling pressure was higher and encountered resistance again
.
On the first day after the month change, Shanghai spot traded 13450-13460 yuan / ton, spot discount to 1707 contract 100-90 yuan / ton, Wuxi spot traded 13450-13460 yuan / ton, Hangzhou spot traded 13460-13480 yuan / ton, spot price increased by 100 yuan / ton compared with yesterday, spot circulation increased significantly, middlemen and downstream also have signs of entering the market to stock up, intensifying market transaction activity
.
The main force of Shanghai aluminum showed good support in the lower Bollinger band, and turned into a strong narrow range of oscillation
.
After entering the electrolytic aluminum production cost range, the bulls still show a good support role, but the market is currently shrouded in a bearish atmosphere, short-term Shanghai aluminum or will continue the pattern of range shock, pay attention to the support of the lower Bollinger band, and the recovery still needs to wait for the cooperation of the news surface
.
