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On Thursday, the main contract of Shanghai aluminum 1809 rushed back down, the trading range was 14150-14030 yuan / ton, and the end closed at 14065 yuan / ton, up slightly by 0.
29% per day, and the daily closing price was close to the low set on June 27 last year, and it is currently effectively running below the moving average group, and the technical pattern is obviously bearish
.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between Shanghai aluminum 1808 contract and 1809 contract remained at 70 yuan / ton
.
In terms of external trading, Ashilun aluminum fell under pressure, but its performance was still resistant to falling to other base metals, including as of 15:46 Beijing time, 3-month LME aluminum reported 2012 US dollars / ton, down 1.
13% per day, Lun aluminum is still effectively running under the main moving average group, hitting a new low since April 5 this year, and the technical support below it focuses on 2000 US dollars / ton
.
In terms of the market, on July 19, Shanghai aluminum trading concentrated 13940-13960 yuan / ton, the discount for the month was 70-60 yuan / ton, Wuxi transaction concentrated 13940-13960 yuan / ton, Hangzhou transaction concentrated 13950-13970 yuan / ton
.
The circulation supply is stable, the period of accumulated inventory is coming, the middlemen wait and see, waiting for whether the discount is expanded, downstream enterprises purchase on demand, and the overall transaction is very general
.
On the macro front, the Asian dollar index oscillated stronger, now trading at 95.
3, a three-day winning streak, and the yuan depreciated further in the afternoon, focusing on the number of
jobless claims in the United States for the week.
In terms of industry, US House Speaker Paul Ryan said: "Russia is trying to undermine democracy itself
.
We have passed tough sanctions against Russia to hold them accountable, and we are happy to consider further sanctions against the country, if recommended by the
relevant committees.
During the day, Shanghai aluminum 1809 fell under pressure to 14065 yuan / ton, partly suppressed by the rebound of the US dollar, but its performance resisted falling in Shanghai copper, indicating that the internal downward momentum of aluminum prices is not strong
.
At the same time, the recent continuous reduction of domestic aluminum social inventories is conducive to the rebound of aluminum prices, which will partially limit the decline space
of aluminum prices.
It is recommended that the Shanghai aluminum 1809 contract can be sold high and low between 13950-14250 yuan / ton, and the stop loss is 100 yuan / ton
each.
