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Wednesday Shanghai aluminum main contract 1906 opened at 13935 yuan / ton in the morning, the beginning of the day long and short sides of the short army, successively increased positions, the price of the plate briefly adjusted, then the bulls carried the volume into the market, the plate once rushed to 14005 yuan / ton, the second half of the morning bears borrowed a high position to increase positions, long a small number of liquidation, the price slightly corrected to close at 13975 yuan / ton; The price volatility was strong during the afternoon trading session, and the final close was 13990 yuan / ton, up 80 yuan / ton from the previous day, an increase of 0.
58%.
In terms of the external market, Lun aluminum opened at 1856 US dollars / ton in the morning, in the morning session, first rose and then declined, rushed up to 1857 US dollars / ton at the beginning of the session and then fell sharply to 1840 US dollars, and then rebounded above the daily moving average under the influence of the decline in the US dollar, returning to the morning opening position
.
In the European trading session, it rushed up to $1872.
5 / ton, and as of 17:48 Beijing time, the market price was 1867.
5 US dollars / ton, up 14 US dollars / ton
from the previous day.
In terms of the market, aluminum futures maintained range-bound volatility before noon, slowly rising
.
The transaction price in Shanghai began to be concentrated between 13950-13970 yuan / ton, and the monthly discount was 20 yuan / ton ~ flat water, an increase of nearly 130 yuan / ton from the previous day, the transaction price of Wuxi was between 13950-13970 yuan / ton, and the transaction price of Hangzhou was between
13970-13990 yuan / ton.
The market supply is more abundant during the day, due to the slow rise of aluminum in the morning, traders are mostly indirect goods, but the holders are slightly reluctant to sell, 11:00 aluminum maintained a stable high, the market shipments gradually increased, overall traders and middlemen trading is very enthusiastic
.
Due to the sharp rise in prices, downstream fear of heights emerged, and the performance was wait-and-see, basically based on on-demand procurement
.
In the late afternoon, aluminum maintained a high range fluctuation, the market transaction price was concentrated around 13960 yuan / ton, the month to 20 yuan / ton to flat water, the afternoon market is still dominated by receivers, only a small number of transactions between traders, downstream light
.
Shanghai aluminum is slightly firm, short-term thanks to the firm spot, the market long and short game, aluminum prices into a dilemma
.
However, from the perspective of the medium and long-term trend, the cost decline is still bearish for aluminum prices, and inventory pressure, aluminum price trends are still weak, lack of good news stimulation
.
It is expected that Shanghai aluminum will still maintain a range-bound market
.
