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On Thursday, the main contract of Shanghai aluminum 1805 contract oscillation rose slightly, intraday trading at 14040-13870 yuan / ton, the end of the day closed at 13995 yuan / ton, a slight increase of 0.
25% per day, up to now Shanghai aluminum has fallen for two and a half months, down more than 10% from the end of December last year, far weaker than other base metals
.
Shanghai aluminum continued the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1804 contract and 1805 contract remained at 95 yuan / ton
.
In terms of the external market, Asian Lun aluminum rushed back down, and then highlighted the lack of rebound, of which 3 months Lun aluminum traded at 2097-2087 US dollars / ton, now closed at 2090 US dollars / ton, a slight increase of 0.
02% per day, the current Lun aluminum fell into a low oscillation finishing, the lower support to focus on the 200-day moving average that is, 2080 US dollars / ton
.
In terms of the market, on March 15, the Shanghai aluminum market transaction followed the price of aluminum higher, Shanghai trading concentrated 13740-13770 yuan / ton, the current month discount 50-40 yuan / ton, the 05 contract discount 220-210 yuan / ton, Wuxi transaction concentration 13740-13770 yuan / ton, Hangzhou transaction concentration 13750-13780 yuan / ton
。 East China market trading activity is higher, aluminum shows signs of stopping, SMM data show that the growth rate of aluminum ingot inventory narrowed, aluminum rod inventory fell by 17,200 tons week-on-week, the market for the future price confidence has recovered, traders trading actively, downstream gradual recovery, procurement willingness is the best this week, intraday East China market overall transaction activity is higher
.
Market News:
1.
As the contradictions between the EU and US President Trump around controversial steel and aluminum tariffs deepen, the EU said on the 12th that Europe will not waver in the face of trade "bullying
".
2
.
Bauxite shipments in Guinea's mining towns of Boke and Kamsar returned to normal on Wednesday, after the previous day's riots delayed shipments, companies and government officials said.
During the day, the Shanghai aluminum 1805 oscillation rose slightly to 13995 yuan / ton, which has not returned to the Wansi mark, as domestic inventories continue to reach new highs, supply pressure increases, and aluminum price rebounds are highly limited
.
However, after the price of aluminum continues to fall, it is necessary to be vigilant against the demand for technical rebound, especially Shanghai aluminum near the 14,000 yuan / ton mark, the trend has been repeated
.
It is recommended that the Shanghai aluminum 1805 contract can sell high and low in the range of 13900-14100 yuan / ton, and the stop loss is 80 yuan / ton
each.
