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On Monday, the main 2008 contract of Shanghai aluminum opened at 14650 yuan / ton in the morning, and many short positions were reduced at the beginning of the session, and the price of aluminum fluctuated
sideways in the short term.
At about 10 o'clock, the bulls entered the market with more than 400 hands to strongly lift the aluminum price, and the bears were forced to leave the market after the bears, and the aluminum price went all the way up, breaking the pre-afternoon shock situation, and recorded three consecutive sunshine at noon, and the aluminum price reached a daily high of 14860 yuan / ton
.
In the afternoon, the long and short game and lack of confidence, successively reduced positions, and the price of aluminum fluctuated
sideways around 14765 yuan / ton.
During the day, short positions were mainly
reduced.
Under the premise that inventory warehouse receipts are at a low level, spot supply is tightening, and aluminum prices are still supported by strong fundamentals, bears obviously lack confidence within the day, and the upward logic of spot prices driving futures prices remains unchanged
.
It is necessary to continue to pay attention to the flow of long and short funds and the impact
of weaker fundamentals on the market.
In terms of external trading, Lun aluminum opened at 1689 US dollars / ton in the morning, during the Asian session, Lun aluminum opened low and high and fluctuated upward and recorded a daily high of 1705 US dollars / ton at about 14:15 in the afternoon, and Lun aluminum was reported at 1700.
5 US dollars / ton
as of 15:00.
During the European session, the LME inventory report showed that Lun aluminum stocks increased by 48,350 tons, and Lun aluminum fell, giving up some of the gains in the Asian session, fluctuating
around $1693 / ton.
As of 17:15, Lun aluminum was quoted at $1692 / ton, and the daily K temporarily closed at a small white line, and the center of gravity was above
the 5-day moving average.
Although overseas is in the stage of economic restart, but affected by the outbreak of the epidemic and other factors, the current international situation is obviously uncertain, the US dollar is under obvious pressure, and it is expected to fluctuate strongly in the evening, and it is necessary to continue to pay attention to changes
in the macroeconomic situation abroad.
Aluminum fell back from its midday high
.
In the morning, the spot price in Shanghai area is between 15380-15400 yuan / ton, the price in Wuxi is between 15390-15410 yuan / ton, with the rapid rise of aluminum in the future, the spot price rises, the price of the two places rose around 11:00 to around 15410-15430 yuan / ton, with the aluminum gradually falling in the late 11:00, the spot price is reconcentrated at 15380-15400 yuan / ton, and the price in Wuxi is slightly higher than that of Shanghai
.
A large account did not receive the goods
in East China within the day.
There are many inquirers in the morning market, the holders hold the price, but the actual transaction is not much, after 10:30 spot transaction heat is higher, but mostly for middlemen to reverse goods to enhance market trading activity, due to the lack of large-scale transactions, the overall transaction between traders is poor
.
Downstream intraday consumption is light, because aluminum prices rose by more than 600 yuan / ton from the previous day, downstream fear of heights reached a peak, and replenishment was very small
.
The overall intraday transaction in East China was poor
.
In the late afternoon, aluminum maintained range volatility, the price of the holder was around 15300 yuan / ton, and the premium of the plate was around 30 yuan / ton, the afternoon transaction was light, traders were more wait-and-see, and the actual transaction was very small
.
