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Today's Shanghai aluminum main contract 1703 rose and fell again, showing that the upper selling pressure is heavier, the intraday trading range is 12710-12535 yuan / ton, the end of the day closed at 12580 yuan / ton, up 0.
56% per day, the technical support below focus on 12450 yuan / ton
.
At the same time, the positive price difference between Shanghai aluminum 1702 and 1703 contracts was 55 yuan / ton, indicating that the tightness of spot goods has slowed
down significantly.
External market trend: Asian Lun aluminum around 1710 US dollars / ton around a narrow range, of which 3 months Lun aluminum slightly fell 0.
38% to 1711 US dollars / ton, aluminum prices run at the interweaving of moving averages, the short-term running direction is not clear, its upper rebound resistance focuses on 1750 US dollars / ton
.
Macro: The Asian dollar index oscillated and stabilized, now trading around
102.
3.
Data released on Friday showed that the US non-farm payrolls rose by 156,000 in December, lower than the expected 178,000, and the unemployment rate rose to 4.
7% as expected, but the fastest wage growth rate in seven years, indicating that the US labor market continues to strengthen, strengthening expectations of the Federal Reserve to raise interest rates this year
.
Aluminum industry information, on January 9, SMM statistics domestic electrolytic aluminum spot inventory, Shanghai 95,000 tons, Wuxi 104,000 tons, Hangzhou 21,000 tons, South China Sea 82,000 tons, Gongyi 24,000 tons, a total of 326,000 tons in the five places, down 17,000 tons
from last Thursday.
Market: On January 9, Shanghai aluminum trading concentrated 12600-12620 yuan / ton, and the flat water to the premium of the month was 10 yuan / ton
.
Shanghai inventory is expected to increase slightly, the enthusiasm of holders to ship increases, the source of circulation increases, Wuxi inventory pressure is smaller than Shanghai, the holders of stable shipments, Hangzhou holders stable shipments, under the pattern of oversupply, the spot prices in East China tend to be the same, before the downstream pre-stocking period, the willingness of middlemen to prepare goods is more cautious, downstream consumer demand is limited, and the overall transaction remains cold
.
This week entered the aluminum moon-for-month cycle, and there was almost no price difference in the next month, and spot premiums are expected to struggle
near flat water.
During the day, the Shanghai aluminum 1703 contract fell back to 12580 yuan / ton, and fell back to the moving average intertwined operation, because short-term Shanghai aluminum still lacked key upward momentum
.
However, before the current aluminum price has not fallen below the key technical point, the operation needs to be cautious, Shanghai aluminum 1703 contract can be sold high and low between 12450-12650 yuan / ton, stop loss 100 yuan / ton
each.
