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May 3 aluminum market morning review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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Aluminum market review, last Friday, Lun aluminum opened at 1664.
5 US dollars / ton, the Asian market early Lun aluminum downward test 1657 US dollars / ton, crude oil rise boosted, the dollar weak, Lun aluminum center of gravity steadily rising, into the European market, crude oil and dollar pattern unchanged, Lun Road continued to rise, the high touched 1686 US dollars / ton, overnight, crude oil fell back, the US dollar stabilized, Lun aluminum high fell back to close at 1672 US dollars / ton
.

Aluminum City

In terms of the market: on April 29, Shanghai aluminum trading concentrated 12660-12690 yuan / ton, discount 10 yuan / ton to flat water, holders control shipments, middlemen maintain a positive low level of replenishment willingness, due to today's last trading day before the holiday, affected by many factors such as bank settlement and logistics, the willingness to receive goods is limited and falling, the overall transaction is slightly colder than yesterday, showing pre-holiday characteristics
.

Industry information: The Ministry of Industry and Information Technology expects that the efficiency of the non-ferrous metals industry will continue to improve in the second quarter, and the non-ferrous metals industry will achieve main business income of 1,242.
9 billion yuan in the first quarter, up 2.
1%
year-on-year.

Overall, during the May Day holiday, the Lun aluminum oscillation stabilized, the Shanghai aluminum 1607 contract fell into a high oscillation last week, the aluminum market showed a weak internal and external strong trend, and the short-term Shanghai aluminum pullback risk has not been completely lifted
.
It is recommended that the Shanghai aluminum 1607 contract can be backed by 12,800 yuan to be cautious and short positioned, and the following target is to focus on 12,500 yuan
.

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