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On Friday, Lun aluminum opened at 1804 US dollars / ton, the Asian session slowly rose to a high of 1809.
5 US dollars / ton, after entering the European market, gave up all the Asian market gains low to record 1796 US dollars / ton, then Lun aluminum from the low level rebounded, refreshing a new intraday high to around 1813 US dollars / ton, and finally closed at 1812 US dollars / ton, the trading volume minus 2484 lots to 10290 lots, Positions increased by 6,821 lots to 719,000 lots, closing at the small white line, the center of gravity rose from yesterday, the US index fell slightly on Friday, the external metal trend was stronger than the domestic, Lun aluminum closed up 0.
44%, and it is expected to operate in the range between 1790-1820 US dollars / ton today
.
On the macro front, the market now expects the probability of the US and European Central Banks to keep interest rates unchanged in January, and the increase in non-farm payrolls after the quarterly adjustment in December 2019 in the United States is slightly less than expected, but the previous ADP employment data is better, and most of the market views still believe that the current US employment situation is better
.
The Spring Festival approached a slight stagnant in China, while the recovery of production increased, and the weakening of fundamentals put more obvious pressure on prices
.
However, due to the influence of capacity and weather factors, the market arrival is still small, the accumulation is not obvious, and there is a greater risk
of squeeze in the contract of the month.
Operationally, it is recommended to operate
on the high and far moon sidelines.
