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Shanghai aluminum opened at 12790 yuan / ton on Wednesday morning, after the opening of both sides of the long and short mentality are more cautious, successively left the market under the aluminum price trading center slowly moved down, the afternoon bears expanded the scale of exit, Shanghai aluminum quickly rose to touch 12890 yuan / ton, closed at 12880 yuan / ton, once again stood on the 5-day moving average, the trading volume was reduced to 232076 lots, the position volume decreased by 23054 hands to 272976 lots, and the short position was mainly
closed.
Spot premiums are still rising, domestic consumption places show a relatively tight supply trend, bears have left the market one after another to push aluminum prices upward, short-term Shanghai aluminum is strongly guided by spot, continue to pay attention to the spot market
.
In terms of the external market, Lun aluminum opened at 1721 US dollars / ton in the morning, after the opening of Lun aluminum quickly rose to 1726 US dollars / ton, and then the trading center of gravity slowly moved down to around 1722 US dollars / ton, in the afternoon by the domestic Shanghai aluminum boost, Lun aluminum followed the upward trend, into the European trading session Lun aluminum maintained an upward trend, once touched 1731 US dollars / ton, but the upper moving average adhesion formed a strong resistance, as of 17:30, Lun aluminum 1723 US dollars / ton, down 2 US dollars
.
On the macro front, the tight situation on the capital side has eased, and the central bank has made net investment in the open market for six consecutive days, and restarted MLF operations last week, boosting confidence in the non-ferrous market
.
In addition, investors are optimistic about the market's future demand for metals, and the dip absorption boosts the trend
of copper and aluminum.
In terms of news, due to the increasingly serious air pollution and frequent smog in many places, the state has strictly ordered a thorough investigation of environmental protection problems, and at the end of November, the central environmental protection supervision team has been stationed in various places, Guangdong is one of
the areas to be strictly grasped.
Affected by this, the aluminum processing industry remelting and electroplating have been hit
hard.
Due to the failure of quality inspection, most of the remelting aluminum plants need to be closed for rectification, among which Qingyuan, Dali and Sihui have a greater
impact.
In terms of the market, the high of aluminum in the afternoon of the month fluctuated
.
Shanghai transaction concentration is 12920-12950 yuan / ton, the premium for the month is 150-170 yuan / ton, Wuxi transaction concentration is 12910-12940 yuan / ton, Hangzhou transaction concentration is 12920-12940 yuan / ton
.
After the rise of aluminum in the future, smelters maintained stability and controlled goods, spot premiums rose sharply, middlemen were bullish and their willingness to stock up was still more active, and downstream enterprises' willingness to receive goods remained active yesterday, and the overall transaction was still active
.
In the late afternoon, aluminum rose sharply in the month, the holder was willing to sell, the quotation followed the adjustment, the quotation was 12940-12300 yuan / ton, the middleman bullish atmosphere is strong, the inquiry is positive, but it is difficult to find a low-price source
.
Technically, the average above Lun aluminum is under pressure, breaking through $1730 to open up the upside, and the main over-fall rebound of Shanghai aluminum has been formed, the bullish signal is strong, the short-term will test the pressure level of 13,000 yuan, it is expected that the aluminum market will start a small rebound before the holiday, the price stands at 13,000 yuan after oscillation, the spot price will return to 13,000 yuan / ton
.
