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On Thursday, the main 1809 contract of Shanghai aluminum jumped high at 14315 yuan / ton in the morning, and the highest price of the day was 14355 yuan / ton at the beginning of the day, and then the bears gradually entered the market, dragging the price all the way down to touch the low of 14290 yuan / ton, the low flat multi-entry price was repaired, and in the shock again slightly touched 14350 yuan / ton, the end of the day based on the daily moving average to sort out the price, recorded a doji, closed at 14330 yuan / ton, down 70 yuan / ton, down 0.
49
。
In the external market, due to the United States and Europe reaching a tariff mutual exemption agreement, the US index fell, Lun aluminum opened by a wave of short more impact, opened at 2067 US dollars / ton, a short period of time to touch a high of 2081 US dollars / ton, and then briefly sorted out the price continued a wave of rise, rising to the highest level of the day 2092 US dollars / ton
.
Subject to the 5-day moving average, the price of aluminum subsequently fell all the way
.
By the end of the Asian trading session, affected by the recovery of the US dollar index and the entry of bears, Lun aluminum hit 2056 US dollars / ton low, and by the daily moving average, Lun aluminum rebounded low, and the price recovered
slightly.
As of 17:40, Lun Aluminum closed at $2065 / ton, up $1.
5 / ton, or 0.
07%.
In the spot market, aluminum fluctuates
back and forth before noon of the month.
Shanghai transaction concentration 14120 ~ 14150 yuan / ton, the discount for the month 110 ~ 90 yuan / ton, Wuxi transaction concentration 14120 ~ 14150 yuan / ton, Hangzhou transaction concentration 14130 ~ 14150 yuan / ton
.
In the first trading session, the shipment of goods holders was more active, but with the discount breaking 100, the middleman gradually increased, the role of traders changed, the liquidity of goods declined, Wuxi Shanghai downstream enterprises did not see a significant improvement in receiving goods, but Hangzhou downstream enterprises in the case of a sharp decline in spots, intraday receipt of goods more active, the overall transaction slightly warmed up compared with the previous day
.
In the late afternoon, aluminum maintained volatility, and the trading price in East China was 14140~14160 yuan / ton, and at the same time, the market had a small discount of 150 yuan / ton for the 09 contract
.
Industry:
1.
Alcoa announced its financial report for the second quarter of this year, and Alcoa expects that the global supply gap of electrolytic aluminum and alumina will still exist in 2018, of which the shortage of electrolytic aluminum is 110-1.
5 million tons, which is expanded from the gap of 60-1 million tons in the first quarter of this year
.
2.
Baotou Aluminum said, "The quality of alumina developed and produced by Shandong Aluminum is very good, which can completely replace imports, and our company has achieved a cost reduction of more than 10 million yuan
by the end of June since it began to be used in bulk on May 22.
" ”
Overall, social inventory is still at a historical high, downstream consumption has entered the off-season, aluminum prices lack support to rise weakly, Shanghai aluminum fell slightly during the day, and aluminum prices are expected to maintain a volatile market in the short term
.
