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On Monday morning, the Shanghai aluminum 1704 contract opened at 14020 yuan / ton, the bulls maintained a strong position at the beginning of the session, Shanghai aluminum once touched 14140 yuan / ton, and then the short into the flat, Shanghai aluminum bottomed out 13965 yuan / ton, the afternoon long and short for the 14000 yuan / ton integer mark intensified, the bulls slightly prevailed, Shanghai aluminum closed at 14035 yuan / ton
.
In terms of the external market, in the morning, Lun aluminum opened at 1878 US dollars / ton, Lun aluminum continued to be strong overnight, continued to rise slightly to 1884 US dollars / ton, and then fell slightly to the daily average of 1878 US dollars / ton A narrow range finishing, into the European trading session, Lun aluminum once again interpreted a strong upward trend, touching 1889.
5 US dollars / ton, refreshing a new high in 21 months, the high encountered selling pressure, quickly gave up some of the gains, as of 17:00 Lun aluminum 1878 US dollars / ton, up $2
。 Lun aluminum has been 4 consecutive sunshine, and updated the recent high, short-term Lun aluminum maintained a strong shock trend, pay attention to the integer mark of 1900 US dollars / ton breakthrough pressure
.
On the macro front, due to China's good trade data in January, triggering optimistic expectations for China's economy, the market's enthusiasm for long in the short term remains unchanged
.
Workers at the world's largest copper mine hit a workers' strike and BHP Billiton issued a formal warning of supply disruptions, sending London copper jumping to a more than 20-month high, while other non-ferrous metals such as aluminum followed
suit.
In terms of the market, aluminum futures followed the trend of copper prices before noon of the month, rushing high and falling
.
Shanghai transaction concentration is 13620-13640 yuan / ton, the discount for the month is 200-190 yuan / ton, Wuxi transaction concentration is 13610-13640 yuan / ton, Hangzhou transaction concentration is 13610-13630 yuan / ton
.
Under the pressure of smelter inventory, the willingness to exchange cash at high is positive, the difference between spot and the next month is around 300 yuan / ton, traders are willing to stock spot futures to rise, but the overall circulation market is still more sufficient, after the fifteenth of the first month, downstream enterprises have fully returned, the purchase volume is increasing, middlemen buy cash selling period and for downstream goods are equally important, the overall transaction is picking up, speculation and physical demand at the same time contribute
.
In the late afternoon, the aluminum fluctuated slightly upward in the month, and the holders adjusted the price with the market, and the transaction was concentrated at 13640-13660 yuan / ton, and the middleman had a slight stock
.
In the relatively strong "spring market" of surrounding varieties, the perspective of market judgment is narrow
by focusing on aluminum fundamentals.
At present, the downstream of aluminum is basically in full swing, but at the same time, the willingness to realize high prices under the pressure of high inventory of smelters is also strong, and it is expected that Shanghai aluminum will maintain a passive range shock pattern in the short term, and pay attention to the guidance of surrounding varieties
.
