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On Friday, the main force of Shanghai aluminum opened at 12360 yuan / ton, long and short at the beginning of the session were cautiously closed, aluminum prices fluctuated, with the spot transaction price of aluminum ingots rose 300 yuan / ton compared with yesterday, bears continued to flee sharply, bulls slightly increased their positions, aluminum prices climbed sharply to break through 12500 yuan / ton, the high touched 12530 yuan / ton, the end of the session short-term long profit exit, aluminum price shock closed at 12495 yuan / ton
.
The trading volume increased by 34694 lots to 186206 lots, and the position decreased by 9692 lots to 183554 lots
.
The 1612 contract increased its position by 11334 lots, and the Shanghai aluminum index increased its position by 17310 lots, and the position increased significantly
in the far month.
In terms of the external market, Lun aluminum opened at 1630 US dollars / ton, before the afternoon of the Asian market, Lun aluminum around the daily moving average narrow range oscillation, in the afternoon driven by the strong Shanghai aluminum, Lun aluminum volume upward, up to 1645 US dollars / ton, into the European trading session, Germany and France September PMI data released, mixed or bad, Lun aluminum continued to rise strongly, hindered at 1252.
5 US dollars / ton after falling, as of 18:00, Lun aluminum recorded 1644 US dollars / ton, Lun aluminum has completely stood on all moving averages, night Lun aluminum high volatility waiting for the guidance of Shanghai aluminum , to test the effectiveness of 1650 yuan / ton, the center of gravity continues to rise
.
On the macro front, the expectation of tightening liquidity in the early stage is a game with the marginal improvement of China's macroeconomic operation, and last week China's bullish factors prevailed, and with the Federal Reserve not raising interest rates as scheduled in September, and the Bank of Japan did not cut interest rates, positive yen, risk sentiment was boosted
.
In terms of the market, aluminum futures fluctuated upward before noon that month
.
Shanghai transaction concentration is 13300-13340 yuan / ton, the monthly premium is 620-640 yuan / ton, Wuxi transaction concentration is 13300-13340 yuan / ton, Hangzhou transaction concentration is 13320-13360 yuan / ton
.
In order to maintain high prices, holders stabilize shipments, middlemen are bullish on next week's market, the willingness to receive goods is still more positive, supporting the high premium of aluminum prices, in the face of this year's spot new high, downstream enterprises are afraid of heights breeding, according to just need to receive goods, the overall transaction has not fallen significantly
due to high prices.
In the late afternoon, aluminum continued to rise, touching the previous high, the holder was reluctant to sell, the market was difficult to find a quotation, the middleman could not inquire, and the market had almost no transaction
.
Aluminum prices have rebounded strongly in recent days, recording a weekly increase of more than 5
%.
In the recent Shanghai aluminum fundamentals, traffic factors have become a hot spot, which not only weakens the pressure on social inventory, but also increases the cost of sharing including alumina, which is more beneficial to aluminum prices
.
Shanghai aluminum holdings showed that bearish sentiment continued to fade, but there was a slight correction on Friday night, wary of the risk of
an upward pullback correction.
