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On Friday, the main contract of Shanghai aluminum 2005 opened at 12850 yuan / ton
in the morning.
At the open, Shanghai aluminum weakened slightly and touched 12,745 yuan / ton, a new low since January 2017, and then Shanghai aluminum remained low in the afternoon
.
After the afternoon open, Shanghai aluminum jumped, breaking through the 5-day moving average high and touching 13015 yuan / ton, and the after-hours rise narrowed, closing at
the 5-day moving average of 12920 yuan / ton.
In terms of external disk, Lun aluminum opened at 1660 US dollars / ton
in the morning.
During the Asian session, London aluminum began to rebound slightly after touching a low of $1650 / ton at the open, and in the afternoon, Lun aluminum turned red and extended its gains after the Fed announced the release of water, as of 15:00 Lun aluminum was reported at 1667 US dollars / ton
.
During the European session, Lun aluminum rose sharply, breaking through the 5/10/20 daily moving average one after another, touching 1712.
5 US dollars / ton at a high level, and as of 18:44 Lun aluminum was reported at 1700.
5 US dollars / ton, up 2.
35%.
The rise in intraday Lun aluminum is a retaliatory rise brought about by the Fed's large release of water after panic, and it is expected that Lun aluminum will maintain high volatility and run around
$1700 / ton.
Next week, it is still necessary to pay attention to the control of
the epidemic overseas.
In the spot market, aluminum prices opened diving before noon, and maintained range-bound
volatility in the later period.
Shanghai Wuxi market holders quoted between 12620-12640 yuan / ton, spot premium 60-50 yuan / ton, the price fell from the previous day to around 90 yuan / ton, Hangzhou price between 12640-12650 yuan / ton
.
A large household announced a small number of purchase notices within the day, the market supply is still relatively excessive, the holders actively ship, the spot discount slightly expanded compared with the previous day, the willingness of middlemen to receive goods is general, and the transaction between buyers and sellers is poor
.
Downstream intraday on-demand procurement is the mainstay, because aluminum prices have fallen for several days, downstream sentiment is on the sidelines, and the enthusiasm for receiving goods is not high
.
The overall intraday transaction in East China was poor
.
In the late afternoon, aluminum rose, and some holders quoted between 12690-12720 yuan / ton, and the surface of the plate was discounted 100-70 yuan / ton around, only a small number of transactions between traders, and there was almost no
downstream.
During the day, Shanghai aluminum rebounded slightly mainly driven by the external disk, and the increase was relatively small
.
It is expected that next week Shanghai aluminum will still be mainly affected by overseas macro factors, before the overseas epidemic is not controlled, the price is still under pressure, maintain a low level of volatility, running at 12700~13100 yuan / ton
.
