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On Friday, the Shanghai aluminum main 1901 contract opened at 13890 yuan / ton in the morning, slowly floating up at the beginning of the session to explore the high of 13940 yuan / ton, because the upper pressure still exists Shanghai aluminum upward weakness began to slide, fell below the daily moving average, recorded a low of 13855 yuan / ton, in the afternoon, non-ferrous metal plate turned red across the board, the market trading atmosphere gradually rose, Shanghai aluminum was driven, began to rise low, broke through the daily moving average resistance and stepped on two stairs to touch the highest price of the day of 14010 yuan / ton, returning to above the 10,000 mark However, because it is still passively pushed to a high level, there is no strong support below, and the end of the daily session softened slightly, starting at 13970 yuan / ton A narrow range of shock stabilized, closing at 13970 yuan / ton, closing at the small white line
.
In terms of external trading, Lun aluminum opened low at 1970.
5 US dollars / ton in the morning, and at the beginning of the session around 1976 US dollars / ton in a narrow range, the range did not exceed 10 US dollars / ton, in the afternoon, the US dollar index fell back at a high level, Lun aluminum took advantage of the trend along the 5-day moving average to begin to climb, two upward probes of 1993.
5 US dollars / ton blocked, although there was a struggle in the middle, but has basically stood above the daily average, as of 17:40, Lun aluminum closed at 1992.
5 US dollars / ton, up 16 US dollars / ton, or 0.
81%, closed at the small white line, Two consecutive Yangs
were recorded.
In terms of the market, the high of the range of aluminum fell back in the month, and the volatility was large
.
Shanghai transaction concentration 13790 ~ 13800 yuan / ton, the current month discount 50 ~ 40 yuan / ton, Wuxi transaction concentration 13790 ~ 13800 yuan / ton, Hangzhou transaction concentration 13820 ~ 13830 yuan / ton
.
Today's aluminum fluctuates greatly, after the opening began to climb, the first trading stage traders trading active, downstream normal receipt, but into the second trading stage aluminum prices began to decline, traders showed a willingness to hold the price, shipment willingness has converged, because the price fell for three consecutive days, middlemen received goods positively
.
In the late afternoon, aluminum rose slightly, and the market transaction price was concentrated between 13870 ~ 13900 yuan / ton, and the discount of 40 ~ 30 yuan / ton for the current month, and the discount of 80 ~ 70 yuan / ton for the next month, due to the price increase, the afternoon transaction was less
.
During the day, Chinese and US leaders reached a consensus on strengthening economic and trade ties by phone, U.
S.
stocks rose, boosting market trading confidence, superimposed on the high of the U.
S.
index soft, the outer metal collectively turned red, it is expected that Lun aluminum will continue to test the 5-day moving average, pay attention to the dollar index, the final monthly rate of durable goods orders in September, the unemployment rate in the United States in October, Canada and the United States trade balance data in September and other macro data
.
Considering that Shanghai aluminum is still the smallest variety of nonferrous metals, and the afternoon gains are mainly driven by other metals, it is expected that it will be difficult to achieve a lasting recovery, continue to pay attention to the US dollar index, other non-ferrous metal disk volatility and macro trading atmosphere changes
.
