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On Friday, the main contract of Shanghai aluminum 1806 fell sharply under pressure, trading at 15290-14870 yuan / ton within the day, and closing at 14955 yuan / ton at the end of the day, down 2.
76% on a daily basis, ending the rally
since last week.
It is still running on the moving average group, but has broken below the moving average for 60 days
.
Shanghai aluminum continues the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1805 contract and 1806 contract is 85 yuan / ton
.
In the external market, the Asian Aluminum oscillation rebounded, currently running above the moving average group, of which the 3-month LME aluminum was reported at $2526 / ton, trading in the range of 2527-2472 US dollars / ton, up 2.
02%
per day.
At present, Lun aluminum is still stable above the moving average group, but it faces the demand for technical pullback after a short-term sustained rise, or falls into a high range oscillation
.
In terms of the market, on April 20, the Shanghai transaction concentration was 14880-14910 yuan / ton, the discount for the month was 50-10 yuan / ton, the Wuxi transaction concentration was 14880-14910 yuan / ton, and the Hangzhou transaction concentration was 14880-14900 yuan / ton
.
Next month is approaching, the holder of the price of sales is resolute, the period aluminum down, the quotation does not follow the downward, the middleman is willing to receive the goods positively, some companies said that the receipt of goods can not be borrowed, downstream enterprises weekend procurement, the overall transaction is warmer than yesterday
.
In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 875549 tons, down 1181 tons
from the previous trading day.
As of April 20, LME aluminium ingot inventories were 1395550 tonnes, down 8,800 tonnes
from the previous session.
In terms of industry, due to the delay of China's aluminum plant expansion project, Alcoa expects a shortfall of 1 million tons of aluminum supply in 2018, compared with the previous forecast of no more than 700,000 tons
.
In terms of alumina, the global supply gap is expected to be 300,000 to 1.
1 million tons in 2018, indicating that the supply gap of aluminum stocks will not be optimistic
.
During the day, Shanghai aluminum 1806 continued to fall to 14955 yuan / ton under pressure, ending the rally of the past few days, and is still running above the moving average group
.
Due to the recent reduction of domestic aluminum social inventory, and the impact of the Rusal incident has not ended, but the Sino-US trade dispute has been repeated from time to time, investors need to operate
cautiously.
Operationally, it is recommended that the Shanghai-aluminum 1806 contract can sell high and low around 15100-14900 yuan / ton, and the stop loss is 150 yuan / ton
each.
