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On Wednesday, the main force of Shanghai aluminum opened at 14055 yuan / ton in the morning, after the opening of the bears actively pressured, Shanghai aluminum shock downward once fell through the 10,000 yuan mark, touched 13980 yuan / ton, low level flat more in, push up aluminum prices back to the opening position, but then by a small number of short sniping, aluminum prices back to 14025 yuan / ton narrow range, the end of the early entry bears concentrated to leave the market wait-and-see, Shanghai aluminum repair decline closed at 14055 yuan / ton
。 At present, the support of the 14,000 yuan / ton integer mark under the policy support is strong, but the further upward lack of effective momentum support, short-term is expected to maintain range volatility in Shanghai, the upper 20/40/60 daily line converges to form a strong resistance, continue to pay attention to the long and short competition for the 10,40 mark
.
In terms of the external market, in the morning, Lun aluminum opened at 1926 US dollars / ton, before the afternoon of the Asian market, Lun aluminum around the daily moving average narrow range, 40-day line resistance began to show, Lun aluminum trading center of gravity has moved down, the afternoon slightly rushed up to 1928.
5 US dollars after quickly falling back below the daily moving average, into the European trading session, Lun aluminum volatility intensified, many attempts to break through the daily average unsuccessful, the low touched 1917.
5 US dollars / ton, as of 17:04 Lun aluminum reported 1922.
5 US dollars / ton, pay attention to the change of U.
S.
EIA crude oil inventories, It is expected that Lun Aluminum may continue to test the 40-day resistance and seek an effective breakout
.
Aluminum fluctuated
in a wide range before noon of the month.
Shanghai transaction concentration is 13820-13850 yuan / ton, the discount for the month is 120-100 yuan / ton, Wuxi transaction concentration is 13820-13840 yuan / ton, Hangzhou transaction concentration is 13850-13870 yuan / ton
.
Holders have a positive attitude towards shipment, the spot discount continues to expand to 100 yuan, not yet to the discount target of traders, traders still choose to wait, downstream enterprises only purchase according to just demand, the overall transaction is still high price suppressed
.
In the late afternoon, aluminum rebounded low that month, and holders were actively shipping at high prices, with a small transaction of 13860-13880 yuan / ton
.