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On Friday morning, Shanghai aluminum opened at 13530 yuan / ton, Shanghai aluminum rushed back down at the beginning of the session, and then the long and short performance were more wait-and-see, successively closed the position and left the market under the Shanghai aluminum narrow range above the daily moving average, the afternoon short flat more into push up aluminum prices upward touched 13665 yuan / ton, the end of the session short-term long profit, Shanghai aluminum gave up part of the rise to close at 13635 yuan / ton, the volume increased by 662 hands to 360164 lots, the position decreased by 11126 hands to 201068 lots
.
At present, both the long and short sides are more cautious, and the short-term Shanghai aluminum may continue to fluctuate around the 20-day line, and the long and short tug-of-war will continue
.
In terms of the external market, in the morning, Lun aluminum opened at 1689.
5 US dollars / ton, during the Asian session, Lun aluminum still followed the trend of Shanghai aluminum, the beginning of the session rushed back down to touch 1697.
5 yuan / ton, and then the narrow range fluctuated below the 40-day line, boosted by Shanghai aluminum in the afternoon, Lun aluminum again rushed to stand on the 40-day line, entering the European trading session, Lun aluminum continued to rush up mode, and again regained 1694 US dollars / ton, and then dragged down by the downward trend of crude oil, aluminum prices were hindered from falling back below the 40-day moving average, and the center of gravity of the US index continued to rise, It is more difficult for London Aluminum to hold the 40-day moving average, focusing on the monthly rate of the US leading indicator in October and the impact
of the trend of Shanghai Aluminum on Lun Aluminum.
In terms of the market, aluminum fell back in the month
.
Shanghai trading concentrated 14240-14250 yuan / ton, the monthly premium was 350-360 yuan / ton, Wuxi transaction concentrated 14230-14250 yuan / ton, Hangzhou transaction concentrated 14310-14330 yuan / ton
.
Hangzhou circulation supply is scarce, spot prices are much higher than Shanghai Wuxi, aluminum will stabilize in the month, holders stabilize their minds, no longer sell goods, middlemen believe that aluminum stability has room for recovery, ready to move, a small number of middlemen began to replenish inventory, downstream weekend stocking, willingness to receive goods rebounded, the overall transaction was warmer
than yesterday.
In the late afternoon, aluminum rose to break through the 14,000 yuan / ton mark, the market bullish atmosphere breeded, the holders were willing to sell, Shanghai only a small number of transactions of 14,300 yuan / ton, Wuxi a small amount of 14,270 yuan / ton, the afternoon middlemen inquiry willingness is positive, but the market is difficult to hear the quotation of the holders
.
Shanghai aluminum finally ushered in a stop and rebound after three consecutive declines, but the buying atmosphere of the spot aluminum market was still cautious, and the price only rose
slightly.
In the first two days, spot aluminum prices fell by thousands of yuan, which severely dampened the enthusiasm of aluminum manufacturers to buy goods, and traders also stepped up shipments under the condition of discounting, and worries can be seen, but some companies expect that aluminum prices are expected to rebound
after a sharp correction.
