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Recently, Shanghai aluminum is easy to fluctuate and fall, affected by the collective decline of other metals, the main force of Shanghai aluminum fell below the 14500 important mark support during the week, the lowest down to 14225, and then the shock rebounded, returning to around 14500; Shanghai aluminum main force below the support point around 14200, after the big fall market, short-term does not rule out the possibility of repair, and Shanghai aluminum has obvious resistance to fall, Shanghai aluminum main short-term material oscillation in the 14300-14700 range, the possibility of deep fall is not large, bargain hunt long
.
Abroad, Lun aluminum shock falling, early week due to the impact of the Alcoa incident temporarily ended, Lun aluminum trend lack of support, then by the strength of the dollar and the Turkish lira flash crash chain reaction continues to expand, superimposed on China's economic data downward pressure, resulting in a heavy decline in metals, London aluminum and fall, the lowest intraday down to $2007 after picking up, obviously the 2000 mark support is obvious, short-term does not rule out the need for correction, but next week will announce the implementation of Sino-US tariffs, market trading cautious, London aluminum may be difficult to do, The overall fluctuation range is expected to remain in the 2000-2080 range
.
Inventory, as of Friday, domestic electrolytic aluminum social stocks, Shanghai area 400,000 tons, Wuxi area 748,000 tons, Hangzhou area 110,000 tons, Gongyi area 150,000 tons, Guangdong South China Sea 240,000 tons, Tianjin 61,000 tons, Chongqing 26,000 tons, Linyi area 26,000 tons, consumption area aluminum ingot inventory total 1.
761 million tons, down 14,000 tons
from last week.
In terms of spot, as of Friday, East China spot aluminum traded at 14350-14390, down 120 from last week; Spot discount 50
.
East China: the US dollar is strong, the overall performance of aluminum prices this week is weak, as of Friday, East China spot aluminum between 14340-14380 yuan / ton, down 130 yuan from last Friday, the spot market, a few days ago the holder of the price is strong, spot gradually turned to flat water, but because this week coincides with the futures delivery month, the market trading is slightly cautious, as the price fell after the stability and rebound, traders and downstream enterprises to enter the market enthusiasm increased, transactions gradually increased
.
South China: As of Friday, the price of aluminum ingots in South China was 14720-14820 yuan / ton, down 110 yuan from last Friday, and the price difference with East China was slightly widened; Due to the lack of confidence in the future market and the weakening of receiving goods, downstream enterprises mainly stock goods on demand; In terms of aluminum rods, the off-season effect is obvious, the transaction is poor, and the inventory of aluminum rods has increased
again.
Recently, aluminum prices fluctuated and fell, Lun aluminum tested the 2000 mark support, Shanghai aluminum main force fell below the 14,500 mark, the performance of obvious resistance, short-term does not rule out the possibility of repair, but the market is concerned about the results of the Alcoa negotiations, and next week will implement Sino-US tariffs, market trading cautious, aluminum price trend is unknown, short-term shock continues, in view of the cost, it is expected that there is little room for deep falls, buy
on the dip.
