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Overnight, Lun aluminum bottomed out to close Xiaoyang, and today was under pressure from trade disputes
.
Overnight, Shanghai aluminum fluctuated in a narrow range around 14500, and today may open lower under the external drive, testing the 60-day moving average below to support 14400
.
The overall market sentiment is stable, and the aluminum market as a whole continues to be range-bound
.
Shanghai aluminum pressure above the 20-day moving average of 14700, below the support of the 60-day moving average of 14400
.
East China market, aluminum bottomed out in the morning of the month to rise to around 14440 yuan / ton, Shanghai spot transaction around 14420 yuan / ton, the month discount 10-20 yuan / ton, Wuxi spot transaction 14410-14430 yuan / ton, Hangzhou spot transaction 14430-14440 yuan / ton, Gongyi spot transaction around 14360 yuan / ton, Linyi spot transaction around 14490 yuan / ton, the overall spot transaction is weak, downstream buying interest is slightly insufficient
compared with yesterday.
South China market, aluminum first suppressed and then rose, today's Guangdong market actual transaction concentrated in 14570 ~ 14580 yuan / ton, Guangdong and Shanghai price difference expanded to 150 yuan / ton, today's holders are actively shipped, the market can circulate abundantly, but downstream and middlemen have not yet shown active willingness to receive goods, the overall transaction activity is general, aluminum rod processing fees, today Guangdong 90mm specifications aluminum rod processing fee in 320 ~ 360 yuan / ton, 110/120mm specifications in 280 ~ 340 yuan / ton, 150/178mm specifications are concentrated in 280~340 yuan/ton
.