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On Tuesday, the main force of Shanghai aluminum opened at 13740 yuan / ton in the morning, some bulls left the market before noon, Shanghai aluminum slowly fell to the low level touched 13700 yuan / ton, in the afternoon black series continued to strong upward driving the nonferrous upward, lead and zinc performance is the best, copper and aluminum followed, tin nickel is relatively poor, Shanghai aluminum air flat more into the ladder type continue to explore the high 13940 yuan / ton, closed at 13930 yuan / ton, recorded a longer lower shadow, temporarily recovered the 40-day line, short-term Shanghai aluminum trend affected by the surrounding varieties are more obvious, Pay attention to the resistance of the 60-day line above Shanghai, and it is expected that Shanghai-aluminum will rise first and then decline
.
In terms of the external market, in the morning, Lun aluminum opened at 1866 US dollars / ton, before the Asian market noon, Lun aluminum followed the domestic market weak downward, the low touched 1858 US dollars / ton, driven by copper, zinc and lead in the afternoon, Lun aluminum rose sharply, the high touched 1873 US dollars / ton, entered the European trading session, the 5-day moving average resistance first appeared, Lun aluminum stepped back at 1864.
5 US dollars / ton line, and then broke through the 5-day moving average resistance again, as of 18:01, Lun aluminum reported 1870 US dollars / ton, pay attention to the trend of surrounding varieties, Recently the trend of Lun aluminum performance passive, it is expected that Lun aluminum will continue to fluctuate
around the 5-day moving average.
In terms of the market, the aluminum shock fell slightly
.
Smelters are actively shipping, spot discounts are appropriate, traders' willingness to stock up is increasing, downstream enterprises are bargaining for purchases, and the overall transaction still shows a heavier speculative atmosphere
.
In the late afternoon, aluminum continued to rise to 13855 yuan / ton in the month, and the price adjustment of the holder in the early stage with the market, the quotation reached 13640 yuan / ton, and then due to the continuous rise of aluminum in the future, the holder stopped the quotation and waited and watched
.
On the news front, oil prices closed up more than 0.
5 percent on Monday as some traders bought dips after falling to a seven-month low last week, but rising supplies from the United States and other countries limited gains
.
The Organization of the Petroleum Exporting Countries (OPEC) is trying to ease the global supply glut by cutting production
.
OPEC and 11 non-OPEC producers agreed in May to extend their 1.
8 million b/d production cuts until March
.
Gold prices tumbled to a near six-week low on Monday as a large sell order hit market confidence, but global political uncertainty limited its decline
.
Traders said gold prices were supported
by a series of geopolitical uncertainties including the bailout of Italian banks, US President Donald Trump's policy and Brexit negotiations.
LME three-month aluminium closed 0.
2 percent lower at $
1,862 a tonne.
Intraday Shanghai aluminum main force 1708 contract shock rebound, the end of the market closed at 13930.
The price in the 14000 line consolidation, momentum, short-term to rise, light position long idea-based, intraday sharp fall can continue to take back long orders
.
