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On Monday, the Shanghai aluminum 1903 contract opened at 13460 yuan / ton in the morning, the opening bears began to increase the price of positions, aluminum prices were suppressed, directly leaked to the low of the day 13420 yuan / ton, and then recovered part of the decline, around 13440 yuan / ton in the afternoon a narrow range of shock, the afternoon continued to fluctuate up, back to 13460 yuan / ton line, the end of the day short position, help aluminum prices rise to the highest level of the day 13475 yuan / ton, and finally closed at 13460 yuan / ton, up 90 yuan / ton, up 0.
67%, The center of gravity has risen
from the previous trading day.
In terms of external trading, Lun aluminum opened at 1858 US dollars / ton in the morning, the US index fell back during the Asian trading session, and Lun aluminum took advantage of the trend to fluctuate upward to test the intraday high of 1868 US dollars / ton, due to strong upper pressure, coupled with the weak fundamentals of Lun aluminum, the Asian market tail Lun lead high finishing
。 After entering the European trading session, the dollar rose again, the high touched 96.
901, Lun aluminum under pressure on the moving averages, once tested below 1852.
5 US dollars / ton, as of 17:25, Lun aluminum closed at 1855 US dollars / ton, down 1 US dollars / ton, down 0.
05%, closed at the small black line, the center of gravity is almost below all moving averages, so far Lun aluminum has been running in the lower band of the Bollinger band for four consecutive days
.
In terms of the market, aluminum futures maintained range-bound
volatility before noon of the month.
Shanghai mainstream trading price between 13380 ~ 13390 yuan / ton transaction, mainstream transaction price from last Friday increased by nearly 60 yuan / ton, spot pair began to stick 60 ~ 50 yuan / ton in the month, the basis after the month has widened, Wuxi transaction price concentrated 13380 ~ 13390 yuan / ton, Hangzhou transaction price concentrated between
13380 ~ 13400 yuan / ton.
The market circulation is sufficient, some holders have a low price in the hands of stockpiling, strong willingness to ship, Chalco East China purchased more than 9,000 tons, under its leadership, traders and middlemen are actively
trading.
Because most of the downstream manufacturers have started work, they have been affected by holiday factors and basically returned to normal receiving state
.
Due to the high offshore LME aluminum inventory and consumption has not shown a strong trend, in the US dollar is at a relatively high state, it is expected that the upward pressure will be greater, continue to pay attention to the changes in the US dollar index, the release of macro news related to the sixth trade negotiations between China and the United States
.
During the day, the domestic stock market picked up, Shanghai, Shenzhen market more than 100 stocks up limit, stock market trading atmosphere so that the futures market was favorably affected, macro aspect, Sino-US Beijing trade negotiations released a good exchange signal also boosted the confidence of market traders, intraday colored plate across the board turned red, Shanghai aluminum recorded a small rise, is expected to continue to test the 10-day moving average support, continue to pay attention to the relevant macro news guidance and long and short position changes
.
