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Trade Service
On Tuesday, the main contract of Shanghai aluminum 1805 contract oscillated and rebounded, trading at 13890-13665 yuan / ton intraday, closing up to 13825 yuan / ton, up 0.
8% per day, but still running at a recent low, facing multiple moving average suppression above, the first rebound resistance is 14000 yuan
.
Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between the Shanghai aluminum 1805 contract and the 1806 contract remained at 75 yuan / ton
.
In the external market, the Asian market Lun aluminum oscillation slightly rose, of which 3 months Lun aluminum trading at 2071-2049 US dollars / ton, now closed at 2064 US dollars / ton, a slight increase of 0.
73% per day, the current Lun aluminum fell into a low oscillation sorting, the lower support focus on 2050 US dollars / ton
.
In terms of the market, before the afternoon of March 27, Shanghai trading concentrated 13550-13560 yuan / ton, the discount for the month 90-80 yuan / ton, Wuxi transaction concentration 13550-13560 yuan / ton, Hangzhou transaction concentration 13550-13560 yuan / ton, are mainly under the monthly pass, East China almost no price difference, due to the current price is low, so smelters are not willing to ship, individual smelters in the market to receive goods, middlemen and downstream performance is acceptable, so the spot price performance is relatively firm, the overall transaction is good
。
In terms of inventories, as of March 26, LME aluminum ingot stocks were 1273150 tons, down 3,225 tons
from the previous trading day.
Industry News:
1.
Among the steel and aluminum import restrictions initiated by US President Trump on the 23rd, Japan has not been excluded from the applicable objects
.
Some people have pointed out that this is due to Japan's consistent posture of not responding to the reduction of the trade deficit and trade negotiations that Trump sees as a problem
.
2.
The Department of Commerce issued a list of suspended concessions for the 232 measures on U.
S.
imports of steel and aluminum products and solicited public comments, proposing to impose tariffs on some products imported from the United States to balance the losses
caused by the tariffs imposed by the United States on imported steel and aluminum products to China's interests.
Within the day, Shanghai aluminum 1805 oscillation rebounded to 13825 yuan / ton, has not returned to the 10,000 four mark, but in the past week domestic aluminum social inventory began to decrease, and the growth rate of the last period of aluminum inventory slowed down, the later need to pay attention to the sustainability of inventory reduction, short-term aluminum price decline momentum has weakened
.
It is recommended that the Shanghai aluminum 1805 contract can be sold high and low in the range of 13750-14000 yuan / ton, and the stop loss is 80 yuan / ton
each.
