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Today's Shanghai aluminum main month 1606 contract opened at 11995 yuan, intraday high 12020 yuan low 11925 yuan, and closed at 11960, down 35 yuan / ton
from the previous trading day.
In the external market, Asian Aluminum is weak to the downside, operating in the range of 1560-1551 US dollars / ton, of which Shanghai aluminum closed down 0.
32% to 1553 US dollars / ton, close to the high point of more than a month, indicating that its willingness to rise is strong, its performance is slightly stronger than other non-ferrous metals, driven by the strong rise of US crude oil futures
.
Macro: The Asian dollar index fluctuated in a narrow range, continuing to trade around 94.
9, while China's first-quarter GDP grew 6.
7% year-on-year as expected, and many other indicators were slightly better than expected, but base metals mostly fell under pressure after the release of the data
, as investors' bullish expectations for the data turn around this week have been digested in advance.
Watch for the interpretation
of Chinese economic data by foreign markets tonight.
Market: On April 15, Shanghai aluminum trading concentrated 11900-11910 yuan / ton, which was flat water
in the month.
This week, Shanghai aluminum ingot inventory increased slightly, holders have a strong willingness to exchange cash, active shipments, the late transaction took the initiative to slightly reduce the price, Wuxi inventory this week significantly reduced, coupled with better transactions, Wuxi holders raised prices to sell, Hangzhou holders stable shipments, in terms of transactions, Wuxi transactions remained active, Shanghai transactions were slightly colder than yesterday, and transactions were differentiated
.
Industry: Japan's three major port aluminum inventories fell to 345,600 tons at the end of March, down 20,000 tons or 5.
5% month-on-month, an eight-month decline (a cumulative decrease of 152,100 tons or more), and a new low since October 2014, as Japan reduced aluminum imports, but the inventory was still about 100,000 tons
higher than normal.
The early gains of non-ferrous metals this week are much weaker than those of ferrous metals, so after the positive data is cashed, it is necessary to pay attention to the turn
of investment funds.
It is recommended that the Shanghai aluminum 1606 contract can hold long orders above 11880 yuan / ton, and the target is 12100 yuan / ton
.
