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On Tuesday, the main 1806 contract of Shanghai aluminum opened slightly after the morning session, after which the aluminum price continued to rebound momentum, the price rose to 14545 yuan and then fell again under pressure, closing at 14385 yuan, down 550 yuan, or 3.
68%.
Index holdings decreased by 58,332 lots to 765,000 lots, and the trading volume expanded to 1.
03 million lots
.
In terms of external trading, the LME aluminum March contract opened slightly lower at $2,465 in the morning, rushed higher after the Asian market opened, rose to $2,510.
5 in the afternoon, and rose again before closing, and finally closed at $2,509, up $20, or 0.
80%.
In terms of the market, the price of electrolytic aluminum in Shanghai Nonferrous Metals Trading Center was quoted at 14480-14520 yuan / ton, down 450 yuan / ton from the previous trading day, the spot discount was reported to B30-B70 yuan / ton, after the sharp decline in aluminum prices, the holders held up the price, affected by the reduction of value-added tax next month, the spot monthly ticket sales generally reported premium, the next month's ticket resources are also close to premium, the market is more willing to receive goods at low prices, favor the source of monthly tickets, and the overall trading situation of the market is active
.
Market News:
1.
The United States gave Rusal's American customers more time to comply with the sanctions, and said that if Russian billionaire Oleg Deripaska withdrew control of Rusal, the United States would consider lifting sanctions
.
2.
The EU is asking to join China's WTO complaint in response to the steel and aluminum tariffs
planned by the United States.
Shanghai aluminum fell sharply during the day, the main contract fell to around 14400, and closed at 14385 at the end of the day, down 3.
68%, and the center of gravity shifted
sharply downward.
The United States sanctions against Rusal have been relaxed, the market speculation sentiment has decreased, the short-term trend of Shanghai aluminum is weak, and the following attention is paid to the support of the 14,000 mark, the market is unstable, and pay attention to the subsequent development of
the Rusal incident.
