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On Monday, the main contract of Shanghai aluminum 1807 fell under pressure, with an operating range of 14860-14750 yuan / ton, and closed at 14765 yuan / ton at the end of the day, down slightly by 0.
51%
from the closing price of the previous trading day.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1806 contract and 1807 contract widened to 75 yuan / ton
.
As of 15:50 Beijing time, 3-month LME aluminum reported 2262 US dollars / ton, down 0.
13% daily, at present, Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long and short trading, and the short-term operating range of London aluminum focuses on 2230-2300 US dollars / ton
.
On the macro front, the Asian dollar index continued to rebound, now trading around 93.
95, hitting a high of 94.
031 in the day, hitting a new high since December 13 last year, as the agreement reached in Sino-US trade talks strengthened market confidence in the dollar
.
In terms of industry, on May 21, SMM statistics on domestic electrolytic aluminum social inventory (including SHFE warehouse receipts): the total inventory of aluminum ingots in major domestic consumption places was 2.
118 million tons, down 20,000 tons
from last Thursday.
In terms of the market, on May 21, Shanghai aluminum trading concentrated 14620-14640 yuan / ton, the discount for the month was 80-60 yuan / ton, Wuxi transaction concentration was 14620-14640 yuan / ton, Hangzhou transaction concentration was 14640-14660 yuan / ton
.
Holders have a positive attitude towards shipment, middlemen mainly receive goods for downstream, downstream enterprises purchase on demand, the purchase volume tends to stabilize, and the overall transaction supply exceeds demand
.
During the day, Shanghai aluminum 1807 fell under pressure to 14765 yuan / ton, still falling back to the moving average intertwined operation, but due to China's further expansion of primary aluminum production in April and the US dollar index repeatedly hit a new high in the year, it may limit the rise in aluminum prices
.
Operationally, it is recommended that the Shanghai-aluminum 1807 contract can be sold high and low between 14700-14850 yuan / ton, and the stop loss is 100 yuan / ton
each.
