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On Tuesday, the main contract of Shanghai aluminum 1808 stopped falling and rebounded, closing at 14025 yuan / ton at the end, up slightly by 0.
36% on the day, and trading at 14060-13905 yuan / ton within the day, and the daily closing price was close to a new low in 3 months
.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near low and far high, among which the positive price difference between Shanghai aluminum 1808 contract and 1809 contract narrowed slightly to 70 yuan / ton, indicating that the forward contract has increased
its willingness to fall.
In terms of external trading, Asia Lun aluminum fell into a low oscillation, of which as of 16:30 Beijing time, the 3-month LME aluminum was reported at 2112 US dollars / ton, down 0.
09% per day, the current Lun aluminum effectively runs below the main moving average group, showing that the upper selling pressure is heavier, and the technical support below is concerned about 2050 US dollars / ton
.
In terms of the market, on July 3, Shanghai aluminum trading concentrated 13870-13880 yuan / ton, the discount for the month was 40-30 yuan / ton, Wuxi transaction concentration was 13870-13880 yuan / ton, Hangzhou transaction concentration was 13900-13910 yuan / ton
.
The spot price is low, the shipment of the holder is controlled, some large households receive the goods at a low price, the spot discount is rapidly narrowing, Jiangsu is inspecting environmental protection, the production of downstream enterprises has been affected to a certain extent, according to the purchase of just needs, the overall transaction is still supported by the transaction between traders and active
.
Industry:
1.
In order to oppose the Trump administration's steel and aluminum import restrictions, countries are engaged in retaliatory tariffs, and the European Union and other 7 countries and regions have shown confrontation measures, and the US products that have been targeted for retaliation have exceeded $30 billion
.
2.
The divergence of aluminum premiums in Asia and the United States has added complexity to the quarterly negotiations
.
But considering the producer, because it is possible to get aluminum ingots
at a lower price from the spot market.
”
3.
However, in recent years, the United States has put pressure on imported aluminum products in various forms, especially this year, Trump has adopted global restrictions on a wider range of aluminum products on the grounds of national security, which has seriously damaged the global aluminum industry
.
During the day, the Shanghai aluminum 1808 oscillation sorted out to 14025 yuan / ton, and the rebound range was still relatively limited
.
However, the recent continuous rise in oil prices has brought some support to aluminum prices, and it is not appropriate to further chase short in the short term, and it is recommended to adopt range oscillation operations
.
It is recommended that the Shanghai aluminum 1808 contract can sell high and low between 13950-14150 yuan / ton, and the stop loss is 80 yuan / ton
each.
