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On Monday, the Shanghai aluminum main 1905 contract opened at 13,700 yuan / ton in the morning, and a long lower shadow black line was recorded at the open, and the low touched 13,660 yuan / ton
。 In the first trading stage, Shanghai aluminum around the daily moving average narrow range after the rapid fall to 13625 yuan / ton, after entering the second trading stage, some bears lack of confidence began to reduce positions, Shanghai aluminum slightly rose but did not break through the upper 20-day moving average resistance, the upward is less than the second decline in the day fell to the lowest point of 13620 yuan / ton, because there is still some support below, the end of the short rise, stopped at 13665 yuan / ton, closed at 13645 yuan / ton, closed at the small black line, located below the 5/10 daily moving average
。
In terms of external trading, Lun aluminum jumped low at $1900 / ton in the morning, opened from $1900 / ton fell below the daily moving average, tested down at $1890 / ton line, and quickly rose to the daily average at the end of the Asian session, testing higher than $1899 / ton
。 After entering the European trading session, in the background of the green of the outer metal line, Lun aluminum is also difficult to stand alone, around the 60-day moving average up and down wide oscillation, because it has never been able to get a breakthrough above, and then a wave of bears took advantage of the situation to increase positions to suppress, Lun aluminum instantly fell to the lowest level of the day at 1885 US dollars / ton, as of 17:40, Lun aluminum closed at 1889 US dollars / ton, down 0.
68%, closed at the small black line, so far Lun aluminum recorded four consecutive negative, the trend is weak, almost giving up all the gains last week
.
In terms of the market, the performance of aluminum in the early stage of the month was range-bound, and the second trading stage fell rapidly at the end of the day
.
The transaction price in Shanghai is between 13950~13970 yuan / ton, and the premium of the month is around 320~340 yuan / ton, the transaction price is nearly 60 yuan / ton compared with yesterday, the transaction price in Wuxi is between 13950 ~ 13970 yuan / ton, and the transaction price in Hangzhou is between
13990 ~ 14010 yuan / ton.
The price of aluminum in the intraday period fell significantly, and the premium expanded to around 330 yuan / ton, and the market supply was relatively sufficient
.
The morning premium was above 330 yuan / ton, with the obvious increase in the willingness of cargo holders, the premium sank slightly, and the transaction between traders was more active, but the number of receivers decreased
significantly compared with the previous period.
The willingness to receive goods downstream is acceptable, and the on-demand purchasing posture
is basically shown on Monday.
The overall transaction in East China was acceptable
during the day.
The afternoon trading price was concentrated at 13920-13930 yuan / ton, and the real-time premium of 310~320 yuan / ton
for futures 1904 contracts.
In the afternoon, the market trading activity quickly turned light, and the wait-and-see mood was strong, with only a small number of transactions between traders, and almost no
downstream.
Crude oil fell sharply during the day, the overall market of the futures market was weak, non-ferrous metals were under pressure almost across the board, and aluminum metal was stable compared with other metals, closing at 13645 yuan / ton, down 0.
73%.
Pay attention to the surrounding metal dynamics, or will give some guidance
to the trend of aluminum in the future.
