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During the Dragon Boat Festival, the United States announced tariffs on China's 50 billion products, and then China made an equivalent counterattack statement, Shanghai aluminum jumped lower in the morning to open 14380 yuan / ton, according to the trend law of futures, under the short liquidation, Shanghai aluminum briefly rebounded, the high recorded 14475 yuan / ton, but it was also short-lived
.
In terms of macro, the United States made a statement that if China taxes 50 billion products in the United States, the United States will further increase the scope of tariffs on Chinese products, the value may be as high as 400 billion, and the Sino-US trade war has entered version 2.
0; in terms of aluminum demand, the US government decided to impose a preliminary anti-dumping tariff of 167.
16% on the import of Chinese ordinary aluminum alloy sheets; In terms of aluminum costs, alumina prices continued to decline, under many conditions, although the social inventory of aluminum ingots fell by 32,000 tons from last Thursday, it still could not prevent the bulls from leaving the position sharply to avoid safety, the main force of Shanghai aluminum fell to around 14200 yuan / ton, and the afternoon opening short fell into the well, triggering the second wave of bulls leaving the market, aluminum prices touched 14070 yuan / ton, and finally closed at 14105 yuan / ton
.
Nanchu South China aluminum ingot quotation 14360-14460 yuan, the average price of 14410 yuan, down 10 yuan, the futures price low to open upward, the market trading is acceptable, its later price is down, the holder is willing to sell more and less, the market transaction turned weak
.
The mainstream transaction price is concentrated between 14310-14430 yuan, which is a premium of -100~20 yuan
compared with the average price of South China Reserve.
Nanchu East China aluminum ingot quotation 14300-14340 yuan, the average price of 14320 yuan, down 20; Yangtze River: 14320-14360, 14340 flat
.
In the morning, the market was slightly discounted, the trading was acceptable, the futures fell sharply during the secondary trading session, the market quotation was quickly reduced, and the transaction turned weak
.
The transaction price is concentrated at 14330 yuan-14240 yuan, which is -80~+10 yuan
compared with the average premium of South Reserve East China.
Sino-US trade friction version 2.
0 is more severe than the previous period, the pessimism in commodities will last longer than the previous period, and aluminum prices have not yet reached the cost side of expectations, in addition, the European session of London aluminum continued to fall, it is expected that aluminum prices are still under pressure, the next step to test whether 14,000 yuan / ton has support
.
