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On Monday, Shanghai aluminum opened slightly higher at 13845 yuan / ton in the morning, the beginning of the day was flat and more in, Shanghai aluminum slightly upward touched 13875 yuan / ton, and then the bears concentrated on entering the market to pressure, Shanghai aluminum low touched 13710 yuan / ton, low bulls tried to enter, short profit took and left, aluminum prices fluctuated upward to repair the decline, once returned to 13800 yuan / ton above the afternoon recorded 13805 yuan / ton, the end of the session long and short have left the market to wait and see, Shanghai aluminum trading center of gravity moved down again, closing at 13770 yuan / ton
。 Shanghai aluminum moving averages converge to form a strong suppression, combined with the overnight market aluminum price rebound is difficult to form an effective breakthrough, it is expected that short-term Shanghai aluminum still maintain a wide range of
shock.
In terms of the external market, in the morning, Lun aluminum opened at 1910 US dollars / ton, dragged down by the domestic market at the beginning of the session, Lun aluminum fell to a low level to touch the 1900 US dollars / ton integer mark, and then the Asian session Lun aluminum narrow range above the daily moving average, into the European trading session, the dollar fell Lun aluminum trading center of gravity slowly moved up to touch 1915.
5 US dollars / ton, the amplitude increased, as of 17:19 Lun aluminum 1908.
5 US dollars / ton, the evening data surface is relatively light, Lun aluminum along the daily moving average, has been four consecutive Yang, Or it will still fluctuate
in the $1900-1915 range.
In terms of the market, aluminum dived in the morning of the month, the low point touched 13630 yuan / ton, and then stabilized around 13700 yuan / ton, Shanghai spot transaction 13500-13520 yuan / ton, the monthly discount 160-140 yuan / ton, Wuxi spot transaction 13500-13520 yuan / ton, Hangzhou transaction 13540-13550 yuan / ton, the overall East China market holder shipments have not significantly improved, and downstream processing enterprises are mainly purchasing on demand, and the willingness to actively stock is insufficient.
As a result, the intraday spot discount is stable, the price of supply and demand sides is tug-of-war, and the trading is relatively flat
.
On Monday, aluminum ingot inventories in East China continued to maintain a slight increase trend, data show that the output of aluminum ingots in northwest Xinjiang fell slightly, the growth rate of aluminum ingot storage in East China slowed down, and warehouse outflows remained stable
during the same period.
In the afternoon, there was a transaction
of 13520 yuan / ton in Wuxi.
The implementation of a new round of real estate purchase restrictions in many places in China at the end of last week made the market less optimistic about the future performance of the domestic real estate market, while the G20 finance ministers' meeting at the weekend decided to abandon the commitment to avoid trade protectionism, so that the aluminum market continued to be relatively under pressure, replenishment of the current US dollar index has declined, which may support commodities
.
Technically, the main KDJ golden cross of Shanghai aluminum but the opening is narrowed, the MACD dead cross and the green column is enlarged at the same time, the price is relatively under pressure, the short-term or will find a lower 13550-13600 yuan support, the upper focus on whether the 14000 yuan integer mark can stand
.
