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On Wednesday, the main monthly 1908 contract of Shanghai aluminum opened at 13815 yuan, with an intraday high of 13890 yuan and a low of 13805 yuan, and closed at 13865 at the end, up 70 yuan / ton
from the previous trading day.
China and the United States are expected to resume trade talks, optimism is positive for the metal market, Shanghai aluminum rose slightly during the day, and it is expected that the upside of the market will be limited
.
In terms of the external market, Lun aluminum opened at 1778 US dollars / ton in the morning, the center of gravity fell to a low of 1773.
5 US dollars / ton in the Asian trading session hovered, the Asian market rose at the end of the session, and continued to rise after entering the European trading session, after exploring the intraday high of 1783.
5 US dollars / ton, it finally recorded a doji due to the upper pressure, and then the high fell back to a low of 1774.
5 US dollars / ton, as of 18:21 at the end of the session, it fluctuated in a narrow range at 1778 US dollars / ton, closing at 1779 US dollars / ton, closing at the doji, Up $1/ton, or 0.
06%.
In terms of the market, the spot trading price of Yangtze River was 13870-13910 yuan / ton, up 30 yuan / ton; Guangdong South Reserve reported 13910-14010 yuan / ton, up 30 yuan / ton; Hua reported 13990-14010 yuan / ton, up 50 yuan / ton; The average domestic spot transaction price is between
13880-13920 yuan / ton.
Aluminum rose slightly during the day, and the holders shipped positively, but downstream enterprises maintained just need to purchase, and the market transaction was general
.
Market News:
1.
In 2020, the supply pattern faced by electrolytic aluminum is "output top, inventory bottom", and once demand is expected to be further improved, electrolytic aluminum will enter a strong boom cycle
.
2.
Inner Mongolia Mengtai Group Co.
, Ltd.
has an annual output of 200,000 tons of high-tech aluminum alloy material project in Dalat Economic Development Zone
.
Sino-US trade relations eased, improved market confidence, Shanghai metals rebounded across the board today, the main contract of Shanghai aluminum temporarily held the 13800 mark, closing at 13865 at the end, up 70 yuan, or 0.
51%, from the previous trading day; From the trend point of view, the upward momentum of Shanghai aluminum is still insufficient, and the current consumption and cost of electrolytic aluminum are bearish aluminum prices, short-term is difficult to have excellent performance, above pay attention to 14,000 pressure; it is expected that tomorrow's spot aluminum fluctuations are not large, small rise, a small amount of on-demand buy
.