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Today's Shanghai aluminum 1704 contract passively followed, but fell slightly from the high at the end of the day, and finally closed up to 14035 yuan / ton, close to the recent high of 14095 yuan set on January 25 this year, while rising 215 yuan / ton from the settlement price of the previous trading day, a daily increase of 1.
56%, the position increased by 17096 lots, and the trading volume was 260788 lots
.
In terms of futures structure, the aluminum market maintained a positive arrangement of near low and far high, and the regular price of Shanghai aluminum 1703 and 1704 contracts was amplified by 80 yuan / ton, indicating that the willingness of forward contracts to rise has risen
.
Externally: Asian Lun aluminum oscillation rose slightly, performing stagnation compared with other base metals, of which 3-month Lun aluminum rose to 1884 US dollars / ton, and is now trading around
1886 US dollars / ton.
In terms of positions, on February 9, Lun aluminum held 707,000 lots, increasing its position by 2,758 lots, and the recent increase in aluminum prices indicates that bulls dominate the market, and the upward momentum continues to release
.
Macro: The Asian dollar index retreated higher, rising as high as 101.
02 and now trading around
100.
65.
Today, the People's Bank of China restarted reverse repurchase after six days, but still withdrew a net 90 billion yuan
.
But Friday's stronger-than-expected January import and export data improved market expectations
for China's short-term economy.
Aluminum industry information, the "13th Five-Year Plan for the Development of Strategic Emerging Industries in Jiangsu Province" released recently shows that non-ferrous metal materials have an important position in the province's strategic emerging industries and will implement important strategic transformation and development
.
Market: On February 13, Shanghai aluminum trading concentrated 13620-13640 yuan / ton, the discount for the month was 200-190 yuan / ton, Wuxi transaction concentration was 13610-13640 yuan / ton, Hangzhou transaction concentration was 13610-13630 yuan / ton
.
Under the pressure of smelter inventory, the willingness to exchange cash at high prices is positive, the difference between spot and the next month is around 300 yuan / ton, and traders' willingness to stock spot futures has risen, but the overall circulation market is still sufficient
.
Downstream enterprises have returned in an all-round way, the purchase volume is increasing day by day, middlemen buy cash and sell period and receive goods for the downstream are equally important, the overall transaction is picking up, and speculation and physical demand are contributing
at the same time.
Intraday Shanghai aluminum 1704 contract increased its position upward
, driven by the strong metal sector.
On the technical side, the main contract of Shanghai aluminum hit the previous high of 14330 points on January 25 without success, but it effectively stabilized above the moving average group; At the same time, MACD red energy stopped falling and rebounded
.
In operation, it is recommended that the Shanghai-aluminum 1704 contract maintain a short-long pattern, with a long reference of 13950 yuan / ton and a stop loss reference of 13700 yuan / ton
.
