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Overnight, the main force of Shanghai aluminum opened at 16380 yuan / ton, under the long and short game, Shanghai aluminum oscillated around the daily moving average, and then the bulls short-term force, the main force of Shanghai aluminum upward touched 16475 yuan / ton, the bulls were weak at a high level, and the bears took the opportunity to enter, and the aluminum fell back to close at 16400 yuan / ton
.
The trading volume decreased by 371,000 lots to 160324 lots, and the position increased by 2,402 lots to 411804 lots
.
Based on the policy deterrence of limiting electrolytic aluminum production in the heating season on the basis of "compliant production capacity", although the bulls are cautious, the bears are also waiting to avoid risk, and the main shock of Shanghai aluminum is strong, and it is expected to run 16260~16500 yuan / ton
within the day.
Spot discount 190~150 yuan / ton
.
In terms of the market, on the same day, SMM A00# aluminum spot price was 16110 yuan / ton, down 90 yuan / ton from the previous day, and 150 yuan / ton discount compared with the near-month contract, the cargo attitude of the holder was very positive, the aluminum was lower, traders were cautious to receive goods, downstream enterprises purchased on demand, and the overall transaction showed a cautious wait-and-see situation
.
In terms of news, due to the decline in spot prices, the performance of aluminum futures rose weakly, coupled with the effect at the beginning of the week, the market was mainly wait-and-see, the willingness to receive goods was extremely low, and the enthusiasm of holders to ship was also limited, Guangdong supply and demand were weak, and the overall transaction was not good
.
On the whole, the continuous record high inventory has put pressure on aluminum prices, but the supply-side reform of electrolytic aluminum has boosted aluminum prices, and it is expected that the main force of Shanghai aluminum will run at a high level within the day, with an operating range of 16200-16700
.