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On Monday night, overseas nonferrous futures diverged, as of the close, Lun aluminum futures closed at 2613 US dollars / ton, up 0.
60%, domestic copper and aluminum night trading both pullback, Shanghai aluminum futures Al2109 reported 19900 yuan / ton, down 0.
30%.
On the macro front, the US Senate launched the debate on the $550 billion infrastructure bill, which may be voted and passed this week; China's manufacturing PMI was 50.
4%
in July.
Affected by the Delta new coronavirus variant, the epidemic in various countries has rebounded, and concerns about the prospects for global economic recovery have increased; The U.
S.
ISM manufacturing PMI slowed for the second consecutive month in July, falling to 59.
5 from 60.
6 in June, below expectations of 60.
9
.
In terms of spot, LME aluminum spot premium was $8.
00/mt, compared with $17.
65/mt
in the previous session.
After the sharp decline in overnight trading in Shanghai aluminum that month, the center of gravity of the afternoon trading rose upward, but the overall center of gravity still fell more than 2% from yesterday to around 19100 yuan / ton, East China spot trading concentrated 19100-19120 yuan / ton, the opposite plate premium 10-30 yuan / ton, after the absolute price fell sharply, the holder of the price of the main
shipment.
Fundamentally, the supply side is constantly disturbed, and the social inventory of electrolytic aluminum continues to deteriorate, but the downstream demand in the off-season of the consumer side is still marginally weak, and the receiving party is at a high price pressure, and the enthusiasm for procurement is not high
.
In terms of price, because the supply and demand ends of aluminum will still benefit from the impact of the concept of "carbon neutrality" for a long time in the future, and the macro liquidity inflection point has not yet officially arrived, the winning rate of unilateral bargain hunting is still high, and it is also recommended to treat it with a long idea in the cross-variety arbitrage strategy
.
