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Today's Shanghai aluminum 1608 contract fluctuated around 11900 yuan / ton, the operating range was 11970-11875 yuan / ton, and closed at 11915 yuan / ton at the end, up slightly 0.
38%
from yesterday's closing price.
In the external market, today's Asian aluminum oscillation declined, but its decline was much weaker than other base metals, showing its performance relatively resistant, of which 3-month London aluminum fell 0.
68% to 1615 US dollars / ton, short-term London aluminum above the rebound resistance focus on 1620 US dollars / ton
.
Macro: The Asian dollar index undertook the overnight decline and is still trading around 94.
3, as the Fed keeps interest rates unchanged as scheduled, but because the UK will announce the Brexit referendum results next week, before the market risk aversion is high, the dollar index correction range or limited, still expected to oscillate and rebound
.
Market: On June 16, Shanghai aluminum trading concentrated 12160-12180 yuan / ton, and the premium for the month was 90-110 yuan / ton
.
After the month change, the spot price performance is firm, the future aluminum month from discount to a large premium, the holder maintains a stable and positive attitude to shipment, in view of the downstream consumption cooling, the middleman believes that the high premium is a short-term behavior, the inquiry is positive but the replenishment is extremely cautious, downstream on-demand procurement, the transaction is suppressed by the tug of war at both ends of supply and demand, and the high premium water material caused by the change of month will gradually fall
back in the supply and demand tug-of-war.
Industry: The latest monthly report of the World Bureau of Metal Statistics (WBMS) shows that the global primary aluminum market supply shortage from January to April this year was 298,000 tons, compared with a supply shortage of 176,000 tons in the same period last year, the gap expanded significantly, due to the year-on-year increase in primary aluminum demand and the decline in production, from January to April global primary aluminum demand was 18.
84 million tons (year-on-year +61,000 tons), and the output was 18.
542 million tons (year-on-year -61,000 tons).
Today's Shanghai aluminum 1608 contract oscillated to stabilize to 11915 yuan / ton, as the dollar index fell
further.
However, its performance is weaker than that of Lun aluminum and it still runs below
the M60.
It is recommended that the Shanghai aluminum 1608 contract can be sold high and low between 12000-11850 yuan / ton, and the stop loss is 100 yuan / ton
each.
