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On Thursday, the main 2005 contract of Shanghai aluminum opened at 12475 yuan / ton
in the morning.
After the opening, the bulls fled, Shanghai aluminum dived, and the opening price was a
high of the day.
Only opened less than 1 hour, at 9:47 Shanghai aluminum touched the limit board 11730 yuan / ton, a new low since January 2016, before the afternoon Shanghai aluminum only slightly fluctuated
above the limit board.
In the afternoon, Shanghai aluminum weakened the sealing plate, only opened at the end of the session, closing at 11805 yuan / ton, down 4.
02%.
In terms of external disk, Lun aluminum opened at 1645 US dollars / ton
in the morning.
During the Asian session, Lun aluminum opened diving and opened at a high level within the day
.
Houlun aluminum remained weak and volatile, touching a low of 1579.
5 US dollars / ton at 15:00, down 3.
59%, touching the lowest level
since September 2016.
During the European session, the trend of London aluminum improved, continuing to repair the intraday decline, as of 16:58 Lun aluminum was reported at 1614.
5 US dollars / ton, down 1.
46%.
Lun aluminum was mainly affected by the intraday Shanghai aluminum drop limit, weakened sharply, and rebounded
over-fell during the European session.
It is expected that under the current weak background of Shanghai aluminum and macro pessimism, it is difficult for London aluminum to form a significant rebound, and there is still a possibility
of continued weakening.
In the spot market, aluminum prices fell back before noon, and aluminum fell to
the limit.
Shanghai Wuxi market holders quotation between 11650-11670 yuan / ton, spot premium between 60-40 yuan / ton, the price compared with the previous day fell about 870 yuan / ton, because the morning aluminum leakage to the drop limit, while the market spot loose pattern has not changed, holders considering that the position after the drop limit is difficult to smooth and expect that the price in the later period still has room to fall, are eager to ship, the market morning oversupply situation is very obvious, the shippers are significantly more than the receivers, the transaction is extremely poor
.
The price in Hangzhou is between
11680-11700 yuan / ton.
The downstream of Shanghai, Hangzhou and Xi considered the sharp fall in aluminum prices, and some stocks were in stock during the day, but there was a strong wait-and-see mood
.
The overall intraday transaction in East China was poor
.
In the late afternoon, aluminum maintained a suspended state, and the quotations of holders were chaotic, and the quotations of individual holders were around 11640 yuan / ton, and the discount on the plate surface was 90 yuan / ton, only a small number of transactions between traders, and almost nothing
downstream.
At present, although the domestic epidemic has been gradually controlled, the panic of the overseas epidemic superimposed on the economic crisis has gradually spread to the country, and the nonferrous metal has continued to weaken
after the previous day's plunge.
At present, the average loss of electrolytic aluminum has expanded to 1700 yuan / ton, due to the sharp decline in aluminum prices, there has not been a large-scale reduction in electrolytic aluminum production, and most electrolytic aluminum companies are still in a wait-and-see state
under the sudden extreme market.
Therefore, the current aluminum price is mainly affected by market sentiment, and there is still a risk
of continuing to fall under the panic.
