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On Tuesday, the Shanghai aluminum main 2002 contract opened at 14190 yuan / ton
in the morning.
The Shanghai aluminum shock downward pierced the 5-day moving average below and touched 14175 yuan / ton, and then the long and short mutual positions were reduced, and the Shanghai aluminum maintained a narrow range of oscillations, running above
the 5-day moving average.
After the Shanghai aluminum touched the 5-day moving average again in the second trading session before the afternoon, the bulls began to pour in again, the center of gravity of the Shanghai aluminum shock was quickly raised, and the bulls continued to try to break through the high upward to touch 14255 yuan / ton, closing at 14235 yuan / ton
.
In terms of external disk, Lun aluminum opened at 1806 US dollars / ton
in the morning.
During the Asian session, London aluminum maintained a narrow range of oscillation, the amplitude was only 2 US dollars / ton, and as of 15:00, Lun aluminum supported 1805 US dollars / ton
.
During the European session, Lun aluminum began to strengthen, and increased with time, touching a high of $1815 / ton, and as of 17:40, Lun aluminum was reported at $1814 / ton
.
Due to the safe exit of short funds before Christmas, the cancellation of warehouse receipts increased by 93.
49% from yesterday, accounting for 37.
49% of the total number of registered warehouse receipts.
There is still room
to continue to rise slightly before the European close.
In the spot market, aluminum hovered slightly in the month and then fluctuated
upward.
In the morning, Shanghai Wuxi market spot quotation of the month between 14470-14480 yuan / ton, next month's ticket cargo is about 10 yuan / ton, 10:30 late aluminum rise obviously, the market quotation began to concentrate around 14480-14500 yuan / ton, the price of the previous day rose around 50 yuan / ton, a small number of transactions around 14510 yuan / ton, the second trading stage traded on the plate premium 120-140 yuan / ton, Hangzhou spot price between 14470-14490 yuan / ton
。 In the morning, traders are more active, with the sharp rise in aluminum prices, the shipment of holders has converged, although the middleman has the demand for receiving goods, but the two sides are more difficult to reach an agreement on the price, the actual transaction is
deadlocked.
Downstream on-demand procurement, a small number of goods received in the morning, as aluminum prices began to wait and see, buying enthusiasm declined
.
In the afternoon, the price of the holder was between 14500-14510 yuan / ton, and the premium on the plate was around 120-130 yuan / ton, and there was almost no transaction
.
From the technical point of view, although the current moving average is arranged long, under the pressure of increased arrivals, the probability of inventory decline continues to narrow, the upper pressure increases, and the lower 5-day moving average continues to move up to compress the operating space
of Shanghai and aluminum.
It is expected that the center of gravity of Shanghai-aluminum operation will move slightly up with the 5-day moving average, and the overall operating range will continue to narrow
.
At the same time, what needs to be vigilant is the possibility
of domestic independent upward breakthrough after the external market enters the holiday due to Christmas.
