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On Friday, Shanghai aluminum opened at 13925 yuan / ton
in the morning.
Shanghai aluminum in the day is basically based on profit bears leaving the market to hedge, the opening low touched 13920 yuan / ton after Shanghai aluminum shock upward, intraday high touched 13990 yuan / ton, the early bulls took the opportunity to escape, Shanghai aluminum repair part of the previous day decline, closed at 13975 yuan / ton
.
Positions decreased by 15,902 lots to 200048 lots, and Shanghai aluminum index positions fell 12,380 lots to 692202 lots
.
In terms of external disk, Lun aluminum opened at 1739.
5 US dollars / ton
in the morning.
During the Asian session, Lun aluminum was strong and fluctuated at a high of 1744 US dollars / ton, and as of 15:00 Lun aluminum was reported at 1741 US dollars / ton
.
During the European session, Lun aluminum dived, the shock downward test of the early low platform support, the low touched 1735 US dollars / ton, as of 17:34 Lun aluminum reported 1736 US dollars / ton
.
The U.
S.
index stood above 99, LME aluminum inventories increased for the fourth consecutive day, and another 4150 tons in the day, so far, this week has increased by 19100 tons for four consecutive days, forming a certain pressure on Lun Aluminum, and it is expected that Lun Aluminum will continue to test the recent low platform support
around $1730 / ton.
In the spot market, aluminum futures maintained range-bound
volatility before noon of the month.
In the morning, the spot quotation in Shanghai Wuxi market and the two places is mostly concentrated between 14010-14040 yuan / ton, the opposite plate premium is around 30 yuan / ton, after 11:00 the plate is slightly up, the spot price began to be concentrated between 14040-14060 yuan / ton, the opposite plate premium between 30-50 yuan / ton, a small amount of spot price around 14070 yuan / ton, the spot price fell from the previous day around 140 yuan / ton, and the spot price in Hangzhou area was between 14060-14080 yuan / ton
。 Although the middleman received goods positively, due to the large fluctuation of spot prices, the transaction between buyers and sellers was slightly deadlocked, and because the National Day holiday was approaching, the sentiment of traders and market makers was not strong, and the trading activity was not as active as at the beginning of the
week.
In addition, due to the sharp decline in prices, superimposed on the demand for National Day preparation, there are some pre-holiday stocks
downstream.
In the late afternoon, aluminum was almost sideways, and there were few holders in the market to quote, the price was around 14030 yuan / ton, and the opposite plate was about 20 yuan / ton, but the actual transaction was very small
.
The bulls gradually left the market in the early pre-holiday period, while the decline in inventory was still possible and the risk aversion before the holiday increased, and the bears did not pursue and took profits to take advantage of the exit
.
It is expected that funds will still be mainly out of the market, or short-term positions may be involved, and Shanghai aluminum will maintain a narrow range of
volatility.
