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    Home > Chemicals Industry > New Chemical Materials > June 27 aluminum market morning review

    June 27 aluminum market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the night market outside the aluminum market volatility declined, of which 3 months Lun aluminum fell 1.
    4% to 1618 US dollars / ton, from the intraday low of 1592 US dollars / ton up 1.
    63%, the current Lun aluminum in the high oscillation sorting, fell back to the average intertwined operation, showing that there is a certain selling pressure above, the technical support below focus on 1600 US dollars / ton
    .

    Aluminum City

    In terms of market: on June 24, Shanghai aluminum trading concentrated 12570-12600 yuan / ton, and the premium for the month was 60-80 yuan / ton
    .
    Shanghai holders glue, Wuxi holders actively shipped, the fall of aluminum triggered Hangzhou holders to increase the willingness to exchange cash, the supply of circulating goods increased, with the afternoon decline of aluminum futures, the bearish atmosphere of middlemen gradually strengthened, the willingness to replenish cooled, downstream orders cooled, stocking efforts weakened, the Brexit referendum counting is underway, the market is cautious, and the overall transaction is cooling
    .

    In terms of stocks: as of June 24, LME aluminum stocks reported 2415875 tons, a weekly decrease of 30,325 tons or 1.
    24%, close to the low of January 9, 2009 (2406225 tons); In the same period, the previous period of aluminum stocks reported 184953 tons, a weekly decrease of 19,782 tons or 9.
    66%, the thirteenth decrease in 14 weeks, hitting a low since December 27
    , 2013.

    Last Friday's night market Shanghai aluminum main contract oscillation stabilized to 12220 yuan / ton, the performance slightly resisted the decline in Lun aluminum, and still effectively stabilized above
    the moving average group.
    In addition, the previous period of aluminum inventories continued to decline, making its supply tight.

    It is recommended that the Shanghai aluminum 1608 contract can be sold high and low between 12400-12100 yuan, and the stop loss is 100 yuan / ton
    each.

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