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On Thursday, the main force of Shanghai aluminum opened at 14,605 yuan / ton, aluminum ingot social inventory fell by 61,000 tons, bulls entered the market at a low level, the main force of Shanghai aluminum rose to 14,750 yuan / ton platform shock, the last wave of bulls in the afternoon briefly entered the market, aluminum prices pulled up to 14,795 yuan / ton, bulls short-term operation-based, aluminum prices fell back to close at 14,745 yuan / ton
.
In terms of external trading, Lun aluminum opened at 2265 US dollars / ton, during the Asian session, driven by Shanghai aluminum, Lun aluminum rose, the high recorded 2288 US dollars / ton, on the 10-day moving average resistance, Lun aluminum fell back to the low to touch 2255 US dollars / ton; As of 17:40, Lun aluminum recorded 2263.
5 US dollars / ton, 5/10/20/40 daily moving average converged, compressing the shock space, and the amplitude decreased
.
In terms of the market, aluminum rose by more than 100 yuan
before noon.
Shanghai transaction concentration is 14600~14620 yuan / ton, the discount for the month is 70~60 yuan / ton, Wuxi transaction concentration is 14600~14620 yuan / ton, Hangzhou transaction concentration is 14600~14630 yuan / ton
.
Holders shipped positively, due to rising prices, the willingness of middlemen to exchange goods, downstream enterprise procurement volume remained stable, East China inventory fell by 22,000 tons from last Thursday, mainly due to less inventory, not a sharp increase
in consumption.
In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 814076 tons, down 353 tons
from the previous trading day.
In terms of social stocks, the social inventory of electrolytic aluminum counted by Shanghai Nonferrous Metal Network was 2.
077 million tons, down 61,000 tons
week-on-week.
Social inventory fell again, which was good for aluminum prices
.
As of May 24, LME aluminum ingot stocks were 1,227,900 tons, down 3,100 tons
from the previous trading day.
On the whole, the price of Shanghai aluminum is at a high level, downstream demand is gradually improving, and the Shanghai-London ratio is at a low level, which is conducive to the export of aluminum profiles and good external demand
.
In addition, the sharp decline in inventory for the second consecutive week will make the logic of destocking slowly accepted by the market, and the overall center of gravity of Shanghai aluminum is expected to rise, but at the same time, it is necessary to pay attention to the volatility of Shanghai aluminum caused by short-term operations brought about by the decline in cost
.
