Shanghai aluminum wide range oscillation performance is slightly weaker than Lun aluminum

In terms of external trading, Asia Lun aluminum continued the rebound trend, of which 3-month Lun aluminum rose 0.
22% to 1611 US dollars / ton, effectively running above the oscillation finishing platform in the past two weeks, showing that the upward breakthrough achieved last week is still effective, and the short-term Lun aluminum upper rebound resistance focuses on 1620 US dollars / ton
.

Macro: The Asian dollar index oscillated and stabilized, now trading around 94.
85, as this week's focus on the Fed's interest rate meeting, and because the UK will announce the Brexit referendum results next week, before the market risk aversion is high, the dollar index pullback range or limited, still expected to oscillate and rebound
.

In terms of market: on June 15, the transaction volume in Shanghai concentrated 12160-12180 yuan / ton, and the discount for the month was 20 yuan / ton to flat water
.
On the last trading day of the 1605 contract, the holders are actively shipping at the high, the month is imminent, the middleman is mainly for the downstream to receive the goods, the willingness to replenish is more cautious, the downstream purchases on demand, the overall transaction is general, the holders have not significantly discounted, laying the foundation
for tomorrow's spot premium.

Industry: A few days ago, the General Office of the State Council issued the "Guiding Opinions on Creating a Good Market Environment to Promote the Structural Adjustment of the Non-ferrous Metals Industry and Promote the Transformation and Increase of Efficiency", proposing measures such as strictly controlling new production capacity, accelerating the withdrawal of excess production capacity, and appropriately increasing some non-ferrous metal reserves, and also proposed to increase fiscal and tax support and strengthen financial support
for the industry.

The Shanghai aluminum 1608 contract oscillated to 11870 yuan / ton during the day, slightly weaker than Lun Aluminum, due to the rebound of the US dollar index and concerns about the resumption of production of domestic electrolytic aluminum plants
.
It is recommended that the Shanghai aluminum 1608 contract can sell high and low between 12000-11800 yuan / ton, and the stop loss is 100 yuan / ton
each.