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Shanghai aluminum market
is closed on Monday.
On Tuesday, the main force of Shanghai aluminum opened at 12660 yuan / ton, the bears took the lead in closing their positions, Shanghai aluminum climbed 12820 yuan / later, under the long and short game, the high level of aluminum prices fell back to 12695 yuan / ton, the end of the session bulls entered the market at a low level, aluminum prices rebounded to close at 12755 yuan / ton, up 150 yuan / ton
.
The main force of Shanghai aluminum initially stood on the 5-day moving average, achieved two consecutive sunshine, and returned to the previous high shock range, and it is expected that the Shanghai aluminum shock will be strong
in the near future.
The market
was closed on Monday due to a bank fake LME.
On Tuesday, Lun aluminum opened at 1673 US dollars / ton, Asian market, crude oil rebounded, the US dollar continued to weaken, Lun aluminum fluctuated upward, the high touched 1683.
5 US dollars / ton; Entering the European market, crude oil and base metals generally fell, Lun aluminum led the decline, the low touched 1651 US dollars / ton, as of 18:00, London aluminum recorded 1663 US dollars / ton
.
In terms of the market, the aluminum period fluctuated
at a high level after the month soared.
Shanghai transaction concentration 12790-12800 yuan / ton, the flat water of the period aluminum in the month, Wuxi transaction concentration 12790-12800 yuan / ton, Hangzhou transaction concentration 12800-12820 yuan / ton, the period of aluminum high pressure shock, holders afraid of falling and high shipment willingness is strong, Shanghai and Hangzhou middlemen and downstream wait-and-see, the willingness to receive goods is not strong, Wuxi intermediaries and downstream inventory is low, replenishment willingness is positive, the overall transaction is regionalized
.
In the afternoon, a small amount of Shanghai traded 12790-12800 yuan / ton
.
Entering May, the market focus is on the subsequent changes
in production capacity.
In the short term, the situation of obvious easing of supply and demand has not arrived, and aluminum prices are expected to remain strong
.
However, as the price continues to rise to around 13,000, the expectation of gradual resumption of production and new production capacity in the later period continues to increase, and as the summer real estate start gradually decreases after the peak season in the first half of the year, it will gradually enter the process of supply and demand turning, and the risk of continuing to chase higher continues to increase, it is recommended to grasp the rhythm and operate
cautiously.
Aluminum prices are expected to rise or be flat
.
