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On Friday, the main contract of Shanghai aluminum 1807 rushed back down, the fluctuation range is still relatively narrow, the operating range is 14755-14605 yuan / ton, and the end of the day closed at 14670 yuan / ton, up 0.
31%
from the previous trading day's closing price.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between the Shanghai aluminum 1806 contract and the 1807 contract was basically flat to 60 yuan / ton
.
In terms of external trading, Asian Lun aluminum around 2300 US dollars / ton around narrow fluctuations, as of 15:30 Beijing time, 3-month LME aluminum reported 2298 US dollars / ton, down 0.
54% daily, at present Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long and short trading, Lun aluminum short-term operating range focus on 2300-2380 US dollars / ton
.
In terms of the market, on May 11, Shanghai aluminum trading concentrated 14570-14590 yuan / ton, the discount for the month was 20-10 yuan / ton, Wuxi transaction concentration was 14570-14590 yuan / ton, Hangzhou transaction concentration was 14600-14610 yuan / ton
.
Smelter shipments are less, but traders have a positive attitude to shipments, the market circulation is stable, middlemen are mainly downstream to receive goods, downstream enterprises yesterday after stocking, intraday procurement efforts have fallen, the overall transaction is worse
than the previous day.
In terms of industry,
It is reported that due to the US sanctions against Rusal, the international aluminum price fluctuated sharply, and the UAE global aluminum industry may postpone the IPO to 2019
.
In September last year, Zhang Leiming, deputy director of the safety committee of the Henan provincial government and director of the provincial safety supervision bureau, reported to the supervision team on the safety production work in Henan Province on behalf of the provincial government: "Henan will suspend the construction and expansion of underground mining mines with a vertical depth of more than 1,000 meters and open-pit mines with a safety distance of less than 300 meters, and suspend the construction and expansion of bauxite and pyrite mines with a mining scale of less than 300,000 tons per year"
.
Since the beginning of this year, Henan Province has continued the situation of tight bauxite supply
.
It is understood that in the case of tight ore supply, various factories try to compete for ore resources
.
In addition to the tight supply of ore, many crushing plants in Sanmenxia, Zhengzhou and other cities in Henan Province with incomplete procedures have been shut down and forced to use mobile crushers to fight guerrilla
.
Most of the ore stocks in local alumina plants are around
30 days.
In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 864226 tons, down 3055 tons
from the previous trading day.
As of May 11, LME aluminum ingot stocks were 126,450 tons, down 925 tons
from the previous trading day.
During the day, Shanghai aluminum 1807 rushed back to 14670 yuan / ton, returning to the average interweaving operation, due to the short-term aluminum market lack of attention
.
Operationally, it is recommended that the Shanghai-aluminum 1807 contract can be sold high and low between 14550-14750 yuan / ton, and the stop loss is 100 yuan / ton
each.
