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Trade Service
On Monday, the main 1910 contract of Shanghai aluminum opened at 14245 yuan / ton
in the morning.
After the opening, the long and short positions were reduced and exited, and the Shanghai aluminum shock ran below the 5-day moving average, touching 14230 yuan / ton
at a low level.
Subsequently, the bulls took the initiative to increase their positions, and Shanghai aluminum quickly rose above the 5/10-day moving average, and touched a high of 14365 yuan / ton in the afternoon, and closed at 14355 yuan / ton
at the end of the session.
In terms of external trading, Lun aluminum opened at 1756 US dollars / ton
in the morning.
During the Asian session, Lun aluminum struggled to run near the 5-day moving average, and touched a high of $1757 / ton, and as of 15:00, Lun aluminum was reported at $1754.
5 / ton
.
During the European session, the US dollar rose strongly, base metals were mostly under pressure, Lun aluminum continued to be weak, quickly fell below the 5-day moving average, the low touched 1744.
5 US dollars / ton, as of 17:45 Lun aluminum was reported at 1746.
5 US dollars / ton
.
In the spot market, aluminum futures maintained range fluctuations in the morning of the month, and rose before
noon.
In the morning, the transaction price of Shanghai Wuxi market in the two places was between 14310-14320 yuan / ton, and the opposite plate premium was between 30-40 yuan / ton, which was nearly 20 yuan / ton higher than last Friday, and the spot price in Hangzhou was between 14330-14340 yuan / ton, with the rise of aluminum, the price of Shanghai and tin was gradually concentrated between 14330-14350 yuan / ton, a small number of holders quoted around 14360 yuan / ton, and some holders in Hangzhou began to quote around 14350 yuan / ton
。 The supply of goods in the intraday market is slightly tight, because the holders are more optimistic about the future market, and the morning rise in aluminum prices has enhanced their confidence in bullishness, the willingness to ship within the day converged, the actual shipments are not much, and the price is more reluctant to sell, and the enthusiasm of middlemen to receive goods is obviously high, the market forms a situation of receiving more and less, although the aluminum price in the later period is quoted higher, but the actual transaction is slightly
deadlocked.
The downstream on-demand goods are mainly taken, and there is no obvious replenishment, and there is not much bright spot
.
In the late afternoon, aluminum maintained a high level of volatility, there were not many shippers, a small number of holders quoted between 14360-14370 yuan / ton, the plate premium 30-40 yuan / ton, almost no transaction, downstream light
.
In September, the downstream seasonality turned from light to boom, while the social aluminum ingot inventory maintained a weekly decline of 17,000 tons, and short-term Shanghai aluminum still maintained upward momentum
.
At the same time, pay attention to the progress of electrolytic aluminum resumption of production, and the supply pressure has increased after
October.
It is not recommended to chase high
.
