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On Thursday, the main force of Shanghai aluminum opened at 12330 yuan / ton, the main force of Shanghai aluminum at the beginning of the session around 12320 yuan / ton narrow range, the second trading session, bulls high profit taking, Shanghai aluminum volume down, the low touch 12250 yuan / ton, the afternoon short low position closed unhedged, this week social inventory fell sharply, bulls took advantage of the trend to re-enter the market, aluminum prices fluctuated back, closed at 12335 yuan / ton, up 55 yuan / ton
.
In terms of the external market, Lun aluminum opened at 1632.
5 US dollars / ton, in the afternoon, Lun aluminum put down, tested down 1628 US dollars / ton, and then touched the low to rise, into the European and American session, Lun aluminum high wide range shock, as of 17:22, Lun aluminum recorded 1635 US dollars / ton, Lun aluminum standing above the moving average narrow range of shock, the British drag European referendum is underway, the market cautiously awaits the results, it is expected that Lun aluminum will maintain a high level of
volatility in the evening.
On the macro front, the preliminary Markit manufacturing PMI in June was 51.
4, 50.
9 expected, and 50.
7
previously.
New home sales in May were 551,000, 560,000 expected, and 586,000
in the previous month.
Japan's preliminary manufacturing PMI came in at 47.
8 in June, the fourth consecutive month of contraction and the previous reading of 47.
7
.
Eurozone preliminary manufacturing PMI for June was 52.
6 vs 51.
4 expected and 51.
5
previously.
Manufacturing data for mainstream economies is mixed
.
In terms of the market, aluminum dived to 12,500 yuan / ton
before noon that month.
Shanghai transaction concentration is 12580-12600 yuan / ton, the monthly premium is 80-100 yuan / ton, Wuxi transaction concentration is 12580-12590 yuan / ton, Hangzhou transaction concentration is 12610-12630 yuan / ton
.
Holders of stable shipments, sharp fluctuations in the market, middlemen wait and see the market, replenishment is slightly cautious, the downstream reception at the beginning of the week is less, the own inventory is low, the willingness to receive goods at low prices within the day has rebounded, and the overall transaction is warmer
than yesterday.
In the late afternoon, aluminum rebounded in the month, Wuxi holders slightly raised the price, the spot transaction was 12590-12600 yuan / ton, the monthly ticket aluminum ingots were quickly digested, the market circulation of the next month ticket aluminum ingots is more difficult to trade, the afternoon market is difficult to find Shanghai sources
.
To sum up, the risk point of the British referendum is approaching, investors' vigilance has increased, Shanghai aluminum rose slightly, the current market temporarily remains cautious bullish, long light positions to hold, short-term aluminum prices continue to consolidate waiting for news guidance
.
