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On Wednesday, the main Shanghai aluminum 2008 contract opened at 13625 yuan / ton in the morning, after a short long and short game, the bears took the initiative, and the long position reduced the price of Shanghai aluminum to the low of the day of 13590 yuan / ton
.
After the short profit left the market at noon, the bulls entered the market and continuously raised the aluminum price to the intraday high of 13670 yuan / ton, recording an increase of 0.
33%.
In the afternoon, the price of Shanghai aluminum was sniped by the bears, and the bulls reduced their positions significantly, and the Shanghai aluminum gave up its midday gains to close at 13605 yuan / ton
.
In terms of external trading, the Lun aluminum March contract opened at $1590 / ton
in the morning.
During the Asian session, Lun aluminum tried to repair the previous day's decline, and before noon, Lun aluminum broke through the upper 10-day moving average barrier high and touched 1598 US dollars / ton
.
In the afternoon, Lun aluminum weakened, fell below the 10-day moving average again, and as of 15:00 Lun aluminum was reported at 1590 US dollars / ton, erasing the intraday gains
.
During the European session, the euro area stock index generally fell, the US index rushed, the non-ferrous metal overall pressure down, Lun aluminum remained weak, the shock downward low touched 1582 US dollars / ton, as of 16:27 Lun aluminum reported 1587 US dollars / ton
.
The second epidemic concern made the confidence in Europe poor, but the euro area economic data performance in the afternoon was acceptable, so that the euro / dollar rebounded after the dip, non-ferrous metals stopped falling, the evening data was relatively light, only the United States to June 19 in the week of EIA crude oil inventories, pay attention to its possible pressure on the US index, it is expected that the evening London aluminum will continue to maintain a weak shock, entangled in the 10/20 moving average
.
In the spot market, aluminum maintained range-bound
volatility in the early afternoon.
In the morning, the mainstream spot trading price in Shanghai was between 14020-14040 yuan / ton, the spot price in Wuxi was 14030-14050 yuan / ton, the morning premium was 200-220 yuan / ton, after 10:30, the spot price in Shanghai was 14000-14020 yuan / ton, and the spot spot of Wuxi monthly ticket was between 14020-14040 yuan / ton, the mainstream price of the market was basically the same as the previous day, and the later premium fell slightly to 180-200 yuan / ton.
The fare difference between the current month and the next month is within
30 yuan / ton.
In the morning, the holder is more priced, the blind price is higher, the middleman receives the goods is acceptable, the market quotation after 10:15 is gradually clear, coupled with the upcoming holiday, the holder's enthusiasm for shipping in the second half has improved, and the quotation is actively lowered, but at this time, some middlemen receive goods hesitantly, and the transaction between buyers and sellers is general.
Downstream considering the holiday demand, the stock is
acceptable.
The overall transaction in East China was acceptable
.
In the late afternoon, the high level of aluminum fell, the price of the holder was around 13990-14000 yuan / ton, and the premium on the plate was around 190 yuan / ton, the market was light, the holiday atmosphere was strong, and there was almost no transaction
.