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On Thursday morning, Shanghai aluminum opened at 12985 yuan / ton, the early stage of the market entry bears closed and waited, Shanghai aluminum slightly upward touched 13090 yuan / ton, then bears confidence gradually rising, tentative entry increased, Shanghai aluminum under pressure fell once fell below the 10,000 mark once, the low touched 12955 yuan / ton, afternoon market rumors to go to capacity news, bears took the lead to leave the market to avoid risk, and then bulls took advantage of the large-scale entry to break through the 40/60 daily line, and continued to push up a strong upward, closing at 13280 yuan / ton, the highest level of the day
。
In terms of external trading, there were technical problems in the morning LME session, showing data at about 2 o'clock in the afternoon, opening at 1755 US dollars / ton, driven by rumors of domestic market capacity reduction, Lun aluminum trend is stronger, all the way up, the Bollinger band did not show resistance, into the European trading session The US dollar fell to a low of 100.
8, Lun aluminum accelerated the upward speed, the high recorded 1784.
5 US dollars / ton, pay attention to the US unemployment benefit data, pay attention to the US dollar to base metals
driven.
In terms of the market, the transaction concentration in Shanghai was 12800-12820 yuan / ton, the discount for the month was 70-50 yuan / ton, the transaction concentration in Wuxi was 12800-12820 yuan / ton, and the transaction concentration in Hangzhou was 12770-12800 yuan / ton
.
Holders are actively selling at high prices, the difference between spot and the next month is about 100 yuan / ton, the opening of the selling period buying space prompts middlemen to find low-priced sources of goods actively, supply and demand sides show a tug-of-war, the period aluminum fell before noon, downstream enterprises fear the decline and wait and see mood breeds, the overall transaction is worse
than yesterday.
In the late afternoon, aluminum was surging all the way in the month, the holders were bullish on the price, and they adjusted the price with the market, the quotation was raised all the way to 13090 yuan / ton, the quotation attitude of the cargo holders showed no sincerity in the transaction, middlemen and downstream enterprises were difficult to accept the high price, and the market had almost no transaction
.
In terms of inventory, data show that as of January 12, the total social aluminum inventory in the five places in the country was 355,000 tons, an increase of 12,000 tons from last week, and the inventory recovery is still continuing
.
In general, aluminum fundamentals have not improved significantly, and the short-term aluminum price rebound comes more from the market's speculation on supply-side reform, and capital factors dominate
.
On the market, Shanghai aluminum broke through the 13,000 key mark, short-term or continued volatility is strong, but the fundamentals are not strong for price support, and it is mainly wait-and-see for
the time being.
In general, aluminum fundamentals have not improved significantly, and the short-term aluminum price rebound comes more from the market's speculation on supply-side reform, and capital factors dominate
.
On the market, Shanghai aluminum broke through the 13,000 key mark, short-term or continued volatility is strong, but the fundamentals are not strong for price support, and it is mainly wait-and-see for
the time being.
