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On Tuesday morning, Shanghai aluminum opened at 13805 yuan / ton, the beginning of the session into the short flat, Shanghai aluminum upward touch 13885 yuan / ton, high part of the bulls lack of confidence to leave the market wait-and-see, bears took advantage of the trend to enter, aluminum prices under pressure to fall low touched 13745 yuan / ton, then long and short around the 5-day moving average to fight, aluminum prices wide volatility closed at 13770 yuan / ton, trading volume reduced to 297368 lots, position decreased by 11288 hands to 249886 lots
.
The upper moving averages of Shanghai aluminum formed strong pressure, and the trading center of gravity this week may have the risk of moving down, pay attention to the guidance
of Lun aluminum on the trend of Shanghai aluminum.
In terms of the external market, Lun aluminum opened at 1897.
5 US dollars / ton in the morning, after the opening of Lun aluminum around the daily moving average narrow range, the low touched the 10-day moving average recorded 1892 US dollars / ton, into the European trading session London aluminum upward, but the upper 1900 US dollars / ton integer mark pressure is strong, Lun aluminum is difficult to form an effective breakthrough, it is expected that short-term Lun aluminum will continue to try to 1900 US dollars / ton line impact
.
In terms of the market, the futures aluminum rushed back down in the month, Shanghai trading concentrated 13510-13530 yuan / ton, the month discount 200-150 yuan / ton, the first trading session, the period aluminum wide range oscillation, spot discount 200 yuan / ton, the second trading session, the period aluminum straight down, spot slightly followed, so the discount narrowed to 150 yuan / ton, Wuxi transaction concentration 13500-13510 yuan / ton, Hangzhou transaction concentration 13540-13560 yuan / ton
。 Holders maintained a positive attitude towards shipments, and the aluminum fell by more than 100 yuan from the high level that month, coupled with the factors at the end of the month, the market wait-and-see mood gradually increased, the willingness of middlemen to receive goods became cold, and the procurement efforts of downstream enterprises were not as good as yesterday, and the overall transaction was suppressed
.
In the late afternoon, aluminum fluctuated in a wide range of the month, and there were few market inquiries and transactions, with only a small transaction of 13490-13510 yuan / ton
.
In terms of industry, the 800,000-ton aluminum alloy project with an annual output of 800,000 tons in the "coal-electricity-aluminum-silicon" integrated project of Inner Mongolia Chuangyuan Metal was officially put into operation, including 800,000 tons of electrolytic aluminum supporting production equipment; The Alpat Alumina Plant under Jiugang Group is resuming production in an orderly manner, and has now entered the stage of large and medium repair and equipment maintenance and recovery, with a production capacity of 1.
65 million tons after resumption of production; The second phase of Wanfeng's annual output of 3 million pieces of automotive aluminum alloy wheel production base project began formal construction
this year.
On the whole, in the context of the fading nature of commodity finance, the fundamentals of aluminum itself are not enough to support the continuous rise
in prices.
Overall, aluminum prices are still in the range-bound stage and are currently at a relatively high level, and the pullback is reasonable
.
