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On Friday, the main 2007 contract of Shanghai aluminum opened at 12440 yuan / ton in the morning, hovering around the first line of 12425 yuan / ton at the beginning of the session, and then the bears increased their positions by more than 2,700 hands in 15 minutes, suppressing the high level of aluminum prices, the low level reached 12320 yuan / ton, refreshing the low level of more than a week, and after struggling at the low level without success, it touched the low level of 12320 yuan / ton again, and began to climb in the afternoon, and the end of the day rushed up to 12455 yuan / ton, and finally closed at 12430 yuan / ton, down 30 yuan / ton, down 0.
24%, Close at the small black candlestick
.
In terms of external trading, the UK Bank is holiday, and the LME is closed
.
Aluminum maintained range-bound
volatility in the early afternoon.
The quotation of holders in Wuxi in Shanghai is between 12820-12840 yuan / ton, the spot price is nearly 150 yuan / ton from the previous day, and the plate premium is concentrated between
90-110 yuan / ton.
Due to the fall in aluminum prices, the number of shippers of goods holders increased significantly during the day, and the receipt of goods by middlemen was also more active under the condition of price reduction, and a large household carried out procurement plans as usual, and the transaction between buyers and sellers between traders was acceptable, and there was a slight stalemate
in price.
The enthusiasm of downstream intraday stocking has increased, due to the decline in aluminum prices superimposed on weekend considerations, and the intraday receiving status is preferred
compared with the previous two days.
The overall transaction in East China was relatively good
.
In the late afternoon, the aluminum shock rose, the price of the holder was around 12840 yuan / ton, and the premium on the plate was about 100 yuan / ton, only a small number of transactions between traders, and there was almost no
downstream.