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Market review, Shanghai aluminum narrow range finishing on Monday, Shanghai aluminum 1903 contract traded at 13440-13525 yuan / ton, the end of the day closed at 13460 yuan / ton, up 0.
26%
on the day.
In the external market, as of 15:21, the 3-month Lun aluminum was reported at 1876.
0 US dollars / ton, up 0.
43% on the day, and its upper pressure level focused on 1900.
0 US dollars / ton
.
Spot analysis: The transaction price in Shanghai is between 13350-13360 yuan / ton, and the discount for the current month is between 20 and 10 yuan / ton
.
The transaction price in Wuxi is concentrated in 13350-13360 yuan / ton, and the transaction price in Hangzhou is concentrated between
13360-13370 yuan / ton.
The mainstream transaction price increased by nearly 40 yuan / ton
compared with the previous trading day.
A large middleman actively received more than 7,000 tons of goods in East China, and the holder was actively engaged in price recognition and shipped to it, and the middleman and trader traded more actively
with each other.
Because the price is slightly higher than last week, the downstream intraday purchase willingness is not obvious
.
Market hot attention: Asian dollar volatility weakened, now trading around 96.
026, Powell said in a speech at the American Economic Association that the Fed does not preset a path to raise interest rates and will remain sensitive
to the downside risks that the market is reflecting.
In terms of aluminum market industry information, in order to resolve the hidden concerns of overcapacity in the alumina industry, the National Development and Reform Commission and the Ministry of Industry and Information Technology recently jointly issued a notice on promoting the orderly development of the alumina industry, requiring local development and reform, industry and information technology authorities to play a decisive role in market allocation of resources, achieve a dynamic balance between market supply and demand, and promote the orderly and healthy development of
the alumina industry.
Within the day, Shanghai aluminum narrow range, due to the news of China's RRR reduction and the impact of Sino-US trade negotiations, market sentiment gradually improved, aluminum prices rebounded, but due to weak aluminum fundamentals, rebound space is limited, short-term Shanghai aluminum or will be in a volatile pattern
.
Operationally, it is recommended that the Shanghai aluminum 1903 contract can consider selling high and low between 13300-13500 yuan / ton, and the stop loss is 100 yuan / ton
each.
