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On Monday, Shanghai aluminum opened at 14185 yuan / ton in the morning, the aluminum price rose unilaterally before noon, and the bulls continued to increase their positions, and the position increased by 21,000 hands in the hour before the noon close, touched 14370 yuan / ton before noon, and the morning closing price was 14340 yuan / ton; In the afternoon, the bulls continued to increase their positions, but the increase was not as good as in the morning, touching a new high of 14385 yuan / ton after being sniped by the bears, briefly pulling back slightly to 14320 yuan / ton, during the afternoon trading session, an aluminum plant production accident related video circulated on the Internet caused some bears to close their positions and leave the market, while a small number of bulls increased their positions to catch up, and the closing price was finally 14395 yuan / ton, a new high since October 2018, up 225 yuan / ton on the day, up 1.
59%.
In terms of the external market, the opening price of London aluminum in the morning was 1795.
5 US dollars / ton, and the Asian trading session fluctuated in a narrow range between 1794~1799 US dollars in the morning, and the resistance of the 1800 US dollar mark during the period was obvious; Entering the afternoon, due to the news of domestic production reduction and suspension stimulated Shanghai aluminum crazy rise, Lun aluminum was driven by a certain driving bottoming rebound, touched 1805.
5 US dollars after a pullback, as of 16:10 Beijing time plate price was 1803 US dollars / ton, the hourly line is near the upper rail of the Bollinger track, it is expected that Lun aluminum in the range of 1800 ~ 1810 US dollars sideways
.
In terms of the market, the aluminum period fluctuated upward before noon of the month, and the growth rate was relatively fast
.
In the morning, the transaction price of Shanghai Wuxi market was between 14230-14240 yuan / ton, and the opposite plate premium was 10-20 yuan / ton, which was basically the same as last Friday, and the spot price in Hangzhou was around
14270-14290 yuan / ton.
With the sharp rise in aluminum prices after 10:30, the spot price of aluminum ingots in Shanghai and tin began to be concentrated between 14270-14290 yuan / ton, and the flat water on the opposite plate rose to 10 yuan / ton, and the transaction in Hangzhou at this time was very rare
.
The market supply is tight, the holders are more priced, the morning middleman receives the goods very actively, traders are active in trading, the overall transaction is acceptable, with the sharp rise in aluminum prices, the holders are reluctant to sell at a high price, the enthusiasm of the middlemen to receive goods has increased, but because the price is higher and the shippers' shipments are reduced earlier, the actual transaction has become weak
.
There were no obvious signs of replenishment in the downstream days, and it was more wait-and-see, it was difficult to recognize the high price, and the performance was calm
.
In the late afternoon, aluminum continued to rise and maintain a high level of volatility, although the holders have quotations around 14340-14350 yuan / ton, and the flat water on the plate to 20 yuan / ton is between 20 yuan / ton, but because of the high price, and the market is more wait-and-see, the actual transaction is not much
.
Shanxi environmental protection restrictions on alumina production affect alumina supply, or have helped
the rise in aluminum prices.
Inventories have entered a stable period, and the improvement in consumption will drive aluminum prices upward, holding more views
.
