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On Friday, the main contract of Shanghai aluminum 1807 bottomed out, the performance was much weaker than Shanghai nickel, the intraday operating range was 14775-14630 yuan / ton, and the end of the day closed at 14735 yuan / ton, up 0.
44% from the previous trading day's closing price, Shanghai aluminum fell back to the moving average intertwined operation, showing long and short trading cautious
.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, among which the positive price difference between Shanghai aluminum 1807 contract and 1808 contract narrowed to 85 yuan / ton
.
In terms of external trading, Lun aluminum around 2295 US dollars / ton around a narrow range, of which as of 16:19 Beijing time, 3-month LME aluminum reported 2296 US dollars / ton, a slight increase of 0.
15% per day, at present, Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long and short trading, Lun aluminum short-term operating range of 2230-2300 US dollars / ton
.
In terms of the market, on June 1, the Shanghai transaction concentration was 14500-14520 yuan / ton, the discount for the month was 40-30 yuan / ton, the Wuxi transaction concentration was 14500-14520 yuan / ton, and the Hangzhou transaction concentration was 14520-14540 yuan / ton
.
Spot prices fell sharply, the discount was further narrowed, the holders shipped positively, but they were still quite discounted prices, and the downstream enterprises stocked the weekend on weekends, and the overall transaction was acceptable
.
In terms of industry, on May 31, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipts): the total inventory of aluminum ingots in consumption areas was 2.
032 million tons, down 45,000 tons
from last Thursday.
News:
1.
In April 2018, the output of electrolytic aluminum increased by 1.
1%, down 6.
5 percentage points
.
From January to April, the output of electrolytic aluminum was 10.
89 million tons, an increase of 0.
2%, down 9.
9 percentage points;
2.
In April 2018, the output of electrolytic aluminum in the United States was 68,000 tons, an increase of 13.
3% year-on-year; From January to April, the output of electrolytic aluminum in the United States was 265968 tons, an increase of 10%
year-on-year.
During the day, Shanghai aluminum 1807 was weakly sorted out to 14650 yuan / ton, and the overall aluminum price table remained weak, because the supply side of the aluminum market did not perform as well as other base metals
.
Operationally, it is recommended that the Shanghai aluminum 1807 contract can be sold high and low between 14500-14700 yuan / ton, and the stop loss is 100 yuan / ton
each.
