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On the first trading day after the holiday, the main contract of Shanghai aluminum 1806 fluctuated in a narrow range around 14450 yuan / ton, with an operating range of 14515-14375 yuan / ton, and closed at 14430 yuan / ton at the end of the day, down slightly by 0.
35%
on the day.
Shanghai aluminum continued the positive arrangement of near low and far high, with the positive price difference between Shanghai aluminum 1806 contract and 1807 contract flat to 75 yuan / ton
.
In terms of external trading, Asian Lun aluminum around 2255 US dollars / ton around a narrow range, of which the 3-month LME aluminum reported 2263 US dollars / ton, a slight increase of 0.
85% per day, the current Lun aluminum into the moving average intertwined operation, highlighting the long-short trading cautious, Lun aluminum short-term operating range focus on 2200-2350 US dollars / ton
.
In terms of the market, on May 2, Shanghai aluminum trading concentrated 14300-14320 yuan / ton, the discount for the month was 30-20 yuan / ton, Wuxi transaction concentration was 14300-14320 yuan / ton, Hangzhou transaction concentration was 14330-14350 yuan / ton
。 Although the policy of reducing VAT to 16% began this week, the decline in spot discount is not very compatible with the VAT reduction policy, middlemen are worried that the discount continues to expand, the receipt is cautious, downstream enterprises do not agree with this price, only according to just need to purchase, the overall supply and demand sides of the deadlock, trading light
.
In terms of inventory, during the day, the aluminum warehouse receipt in the previous period was 872405 tons, down 3,026 tons
from the previous trading day.
As of May 2, LME aluminum ingot stocks were 1323425 tons, down 2,500 tons
from the previous session.
In terms of the industry, according to US media reports, the Trump administration revised its sanctions plan against Russia on Tuesday (May 1), paving the way for the world's second largest aluminum producer - Rusal to escape the blacklist, so that investors can ease the supply panic of the metal market, especially the foreign aluminum market
.
During the day, Shanghai aluminum 1806 oscillated to 14430 yuan / ton, its performance was weaker than Lun aluminum, and continued to pay attention to the guidance of external disks and other base metals in the short term
.
Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed above 14300 yuan to bargain price, enter the market reference around 14400 yuan, and target attention to 14580 yuan / ton
.
