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Shanghai aluminum opened at 13380 yuan / ton on Tuesday morning, after a little sorting out at the beginning of the session, the bulls concentrated on the entry to pull up the high of aluminum prices to touch 13520 yuan / ton, and then short-term bulls took profits, aluminum prices slowly fell, in the afternoon dragged down by black varieties, base metals dived, Shanghai aluminum low touched 13270 yuan / ton, low short empty bag for safety, aluminum price repair part of the decline closed at 13355 yuan / ton
。 In the past two trading days, Shanghai aluminum has been greatly affected by the surrounding varieties, both recorded a longer upper shadow, the bottom of Shanghai aluminum is more stable, the possibility of a breakaway decline is small, and the impact of recent snowfall in the northwest on automobile transportation can not be ignored, Shanghai aluminum or ushered in a breakthrough
in the shock.
In terms of the external market, in the morning, Lun aluminum opened at 1729 US dollars / ton, the beginning of the day Lun aluminum downward touched the 5-day moving average, then boosted by domestic Shanghai aluminum, Lun aluminum trading center slowly moved up to repair the decline, the high of 1730 US dollars / ton, in the afternoon domestic large business issued a document to adjust the bifocal margin and the range of the price limit, black commodities fell sharply dragged down the base metal, Lun aluminum quickly fell below the 5-day moving average support, the low touched 1717.
5 US dollars / ton, entering the European trading session long and short continue to compete around the 5-day moving average, Lun aluminum wide range shock, As of 17:04, Lun aluminum 1719.
5 US dollars / ton, the evening data surface is light, but the focus is on the final result of the US election, and it is expected that Lun aluminum will continue to struggle near
the moving average.
In terms of the industry, data released by the China Passenger Vehicle Association on the 8th showed that the national sales of generalized passenger cars in October increased by 20.
7% year-on-year, and the sales of narrowly defined passenger cars increased by 22.
5%; China's October aluminum exports fell 11 percent from the previous month to 350,000 tonnes, but up 6.
1 percent
from a year earlier.
In terms of the market, aluminum futures rose before noon of the month and then fluctuated
at a high level.
Shanghai transaction concentration is 14470-14490 yuan / ton, the monthly premium is 400-410 yuan / ton, Wuxi transaction concentration is 14460-14480 yuan / ton, Hangzhou transaction concentration is 14520-14540 yuan / ton
.
The social inventory in the five places has decreased slightly, the holders control shipments, the willingness to rise to water is strong, the circulation source is tight, the middlemen are optimistic about the spot price, the spot premium returns to 400 yuan / ton, and there is no rush to sell the source of goods on hand, the middleman is still active, and the downstream is afraid of high-demand procurement
.
Among them, due to the small inventory, the market is difficult to find the source of goods, downstream enterprises are worried that the price will still rise later, and the willingness to inquire and receive goods is slightly positive
.
Aluminum diving in the late afternoon, Shanghai holders because of the small supply of goods, the willingness to raise the price is resolute, the transaction concentration of 14470-14490 yuan / ton, Wuxi holders with the price adjustment, the transaction price fell to 14430-14440 yuan / ton, in the face of the afternoon sudden diving, middlemen wait-and-see mood breeds
.
At present, low inventory and spot premium are still considerable, aluminum prices are difficult to fall quickly, and short-term prices continue to be firm
.
On the market, Shanghai aluminum has strong support in the 13,000 line, continuing to fluctuate at a low level, and recent macro events are more concentrated, paying attention to the overall trend of
the commodity market.
