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On Tuesday, the Shanghai aluminum 1809 contract opened at 14470 yuan / ton, and the opening price went all the way down to the lowest point of the day at 14400 yuan / ton
.
Subsequently, Shanghai aluminum followed the 5-day moving average, basically oscillating up and down the 14420 yuan / ton line, fluctuating
in a narrow range of 14400-14450.
During the day, the main force of Shanghai aluminum changed to 1810 contract, Shanghai aluminum 1810 opened with a long black line, opened at 14555 yuan / ton, and then the price gradually slipped, touching the lowest of the day 14470 yuan / ton, the end of the day at 14480-14520 yuan / ton a line of oscillation, the center of gravity around 14500 yuan / ton long and short saw, closed at 14490 yuan / ton, closed at the small white line
.
In terms of external trading, Lun aluminum opened at 2047 US dollars / ton, the Asian market activity is not high before the afternoon, Lun aluminum is basically at 2044 US dollars / ton line relying on the daily average as a narrow fluctuation, in the afternoon, the US dollar fell, Lun aluminum slightly touched 2052.
5 US dollars / ton
.
Entering the European trading session, above $2050 attracted long positions to reduce positions, Lun aluminum shock touched down 2042 US dollars, German industrial data released, the dollar fell to around 95.
1, Lun aluminum pulled up to the highest price
of 2065 US dollars / ton.
As of 17:40, the price corrected at $2,060 / ton
.
In the spot market, aluminum fell at a high level that month
.
Shanghai transaction concentration 14290 ~ 14300 yuan / ton, the discount for the month 50 ~ 40 yuan / ton, Wuxi transaction concentration 14290 ~ 14300 yuan / ton, Hangzhou transaction concentration 14300 ~ 14310 yuan / ton
.
The range of disk fluctuations is narrow, the spot discount remains stable, the holders ship stably, some middlemen increase the purchase volume, the downstream enterprises maintain rigid demand, and the overall transaction maintains stability
.
In the afternoon, the market price in East China remained at 14290~14300 yuan / ton
.
Market News:
1.
Alcoa on Monday asked the U.
S.
government to grant a tariff exemption for aluminum imports from Canada, which the company uses Canadian imported raw aluminum to make aluminum sheets
for cans in American factories.
2.
Shandong Zouping Aluminum completed the operation of 60,000 tons of electrolytic aluminum production capacity power and production stoppage, so far, the company's original 140,000 tons of electrolytic aluminum production capacity has been completely stopped, will withdraw from the electrolytic aluminum market
.
Overall, the global trade war is in full swing, and the metal market trend is under pressure
.
However, due to the double support of the increase in the cost of electrolytic aluminum and the prospect of de-capacity, the domestic aluminum price has a slight upside, but affected by the uncertainty of the macro, the trend of aluminum prices remains unchanged in the short term
.
