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This week, the Shanghai aluminum index first rose and then declined, the price rebounded sharply from the low of 15855 yuan at the beginning of the week to pull up, the previous week declined, and then a few days after the shock rose to around 16805 yuan under pressure, and the price fell sharply on Friday when the market turned short
.
The week closed at 16285 yuan, up 385 yuan, or 2.
42%.
Index holdings increased by 408.
4 million contracts to 977,000
.
In terms of external trading, this week's LME March aluminum rebounded at the beginning of the week, and the price once rushed to a new high of $2145.
5 for the year, but then the price fell sharply under pressure, falling to a low of $2080 during the session, and the price has maintained a weak operation
since then.
It closed at $2,090 at press time, down $1.
5, or 0.
07%
for the week.
In terms of the market, this week's spot aluminum price range volatility, spot discount continued to maintain above the hundred, affected by the abundant supply of the market, this week the holder shipments are active, middlemen arbitrage can be mapped, downstream in the aluminum price after the fall in the appropriate amount of replenishment, trading to maintain active
.
Today, Friday, after the quotation of the Yangtze River, the futures price fell sharply, the holders continued to adjust the price of shipments, reported to the large discount, the market maintained the outflow of goods, downstream bargain bargain a small amount of stock, afternoon prices continued to fall, the market shipment difficult, the overall transaction was not as good as the previous day
.
In terms of news, at the beginning of the week, under the background of the introduction of Henan and Binzhou heating season production restriction policies, as well as a slight decline in inventory, the aluminum market rebounded sharply and approached the previous high, and at the end of the week it was repeatedly affected by inventory and the black series fell sharply, dragging down the overall aluminum market to pull back
again.
However, at present, under the good expectation of supply-side reform, the space for Shanghai aluminum to fall will still be limited, in addition, the heating season is approaching, and the aluminum market is prone to rise and fall
.
The weekly K Shanghai aluminum index continued to run along the BOLL upper band, and the price remained below the 5-week moving average during the week's wide range, KDJ dead cross, MACD gold cross
.
On the day K, MACD dead cross, KDJ gold cross will die, short-term prices may continue to maintain volatile operation, strong support at 16,000 yuan
.
