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On Monday, the main 1809 contract of Shanghai aluminum opened at 14415 yuan / ton, and in the first trading session of the morning, it touched 14455 yuan / ton twice, both under pressure and falling, in the daily moving average of 14400 yuan or a short support
.
From the second trading session, the bears increased the pressure, Shanghai aluminum fell all the way, after breaking the daily moving average, accelerated the decline in the afternoon, tested down 14350 yuan / ton, close to the end, the bears closed their positions at a low level, Shanghai aluminum touched the low rebound along the 10-day moving average to 14420 yuan / ton, recorded a long doji, closed at 14395 yuan / ton, up 5 yuan / ton, up 0.
03%.
In terms of external trading, Lun aluminum gap opened at 2035 US dollars / ton, the beginning of the session touched 2040 US dollars / ton intraday high, the beginning of the session fluctuated at 2037 US dollars, and then the US dollar index higher, Lun aluminum due to the market trading activity is not high, affected by this price all the way down
。 Then at the end of the Asian trading session, a wave of short entries suppressed Lun Aluminum to the intraday low of 2023.
5 US dollars / ton, and then basically around the 2026 US dollars / ton line, with a 5-day moving average up and down the price of sorting, as of 18:00, Lun aluminum closed at 2023.
5 US dollars / ton, closed at the small black line, up 1 US dollars / ton, or 0.
05%.
In terms of the market, aluminum futures fell slightly in the month
.
Shanghai transaction concentration is 14280~14290 yuan / ton, the discount for the month is 50~40 yuan / ton, Wuxi transaction concentration is 14280~14290 yuan / ton, Hangzhou transaction concentration is 14290~14310 yuan / ton
.
Holders ship stably, but sell at a high price, spot discounts maintain stability, middlemen and downstream enterprises purchase stably, and the overall transaction maintains stability
.
In the afternoon, East China spot traded 14270~14280 yuan / ton
.
Market News:
1.
Moscow news, Russian aluminum giant Rusal reported a profit of $440 million in the second quarter on Monday, despite the United States imposing sanctions on Rusal earlier this year, the company still maintained a good level of profitability
.
2.
According to the order previously signed by Russian Prime Minister Dmitry Medvedev, Russia officially imposed tariffs of 25% to 40% on some goods imported from the United States from 0:00 on the 5th as a countermeasure
to the steel and aluminum tariffs imposed by the United States and Canada.
Due to China's four-tier tariff on the United States, Sino-US trade tensions have not eased, but the cost support role still exists, and Shanghai aluminum mainly tests the 10-day moving average
.
Pay attention to the main position is about to complete the monthly
change.
Continue to pay attention to the changes in the US dollar index and the trend of London aluminum, and it is expected that the short-term volatility of Shanghai aluminum prices will be weak
.
