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On Thursday, the main Shanghai aluminum contract 1911 opened at 14390 yuan / ton
in the morning.
Shanghai aluminum as a whole maintained a high oscillation above the 5-day moving average, and the center of gravity continued to move
upward.
Shanghai aluminum before the afternoon short position increase trend is relatively weak, the low touched 14380 yuan / ton
.
In the afternoon, the short profit left the bulls at a low and long, Shanghai aluminum gradually strengthened, the high once touched 14425 yuan / ton, and closed at 14415 yuan / ton
at the end of the session.
In the traditional consumption season, with the passage of time, the center of gravity of Shanghai aluminum continues to move up, maintaining a strong shock, if the social aluminum ingot inventory declines significantly, Shanghai aluminum may try to hit the 14500 yuan / ton mark
.
In terms of external disk, Lun aluminum opened at 1819 US dollars / ton
in the morning.
During the Asian session, Lun aluminum maintained a volatile operation, first weak and then strong, touching 1815.
5 US dollars / ton at a low in the afternoon, touching 1826 US dollars / ton after strengthening in the afternoon, and Lun aluminum reported 1823 US dollars / ton
as of 15:00.
After entering the European session, Lun aluminum continued to maintain a strong position, the shock upward high was updated to 1828 US dollars / ton, and as of 17:06 Lun aluminum was reported at 1827.
5 US dollars / ton
.
In the spot market, aluminum fluctuated upward in the month, and the high fell back after jumping during the period, and the overall volatility was large
.
In the morning, the transaction price of Shanghai Wuxi market was between 14450-14460 yuan / ton, and the opposite plate rose around 10 yuan / ton, with the high level of aluminum prices falling, the spot price after 10:30 was concentrated between 14430-14450 yuan / ton, near the flat water of the current month's contract, the next month contract premium 20-30 yuan / ton, the spot price increased by about 40 yuan / ton from the previous day, and the spot price in Hangzhou was between
14460-14480 yuan / ton 。 Before the afternoon, the holders actively shipped, the middlemen received goods more actively, but there was a slight stalemate in the price, and then the aluminum price jumped and then fell, although the spot price fell and the holders were still actively shipping, but at this time the overall market activity was not as active as the previous period
.
Downstream manufacturers mainly purchase on demand today, but the receiving status has improved
compared with the previous day.
In the afternoon, the market holder's quotation was between 14460-14470 yuan / ton, near the flat water of the plate, but there was almost no actual transaction
.
At present, domestic aluminum stocks have entered the peak consumption season, and aluminum social stocks have fallen from 1.
66 million tons accumulated during the previous Spring Festival holiday to around 950,000 tons, and the current weekly destocking rate is about 20,000 tons, and aluminum stocks may further decline
.
China has adopted a RRR cut policy over the weekend to release liquidity, but on the whole, the global interest rate cut cycle in the second half of the year has begun, and the economic downturn is inevitable, and pessimistic expectations for the economy have put upward pressure on aluminum prices and limited bright spots in consumption
.
In terms of operation, it is recommended to operate in the interval around 13500, 15000 yuan / ton
.
