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On Wednesday, the main 2002 contract of Shanghai aluminum opened at 14,065 yuan / ton
in the morning.
In the first trading session before noon, long and short exited each other, and Shanghai aluminum maintained a range of oscillation, and the low touched 14045 yuan / ton
.
After entering the second trading session, the bears left the market Shanghai aluminum rebounded significantly, until the afternoon, Shanghai aluminum successively broke through the 20/5/10 daily moving average, the high once touched 14190 yuan / ton, the end of the session long profit exit, closed at 14155 yuan / ton, still above all moving averages
.
In terms of external disk, Lun aluminum opened at 1815.
5 US dollars / ton
in the morning.
During the Asian session, Lun aluminum only touched $1813 / ton at the beginning of the session, and then tried to repair the previous day's decline, as of 15:00 Lun aluminum high touched 1822 US dollars / ton
.
During the European session, Lun aluminum tried to continue to soar, touching $1823 / ton
at a high level.
Subsequently, due to the rebound of the US index, Lun aluminum dived, quickly fell below the 5/10 daily moving average, touched 1805 US dollars / ton at a low level, and as of 17:07 Lun aluminum 1807 US dollars / ton
.
Although the weakness of European economic data has caused the US index to rebound at a low level, in the context of the current escalating conflict between the United States and Iran, risk aversion has surged, the US index may remain low, and non-ferrous metals as a whole are still supported
.
It is expected that Lun aluminum will remain volatile at a high level, and it is difficult to have a significant correction
.
In the spot market, aluminum rose before noon in the month
.
Shanghai and Wuxi market transaction price between 14430 ~ 14450 yuan / ton, for the month premium between 80 ~ 100 yuan / ton, Hangzhou transaction price concentrated between 14430 ~ 14450 yuan / ton, East China mainstream transaction price compared with the previous transaction day is basically the same, in terms of brands, Weiqiao, Qiya is better than Tianshan Lanjiang and Hope, etc.
, intraday Shanghai, tin transaction is better than Hangzhou
.
East China's intraday market supply is relatively sufficient, holders are more active in shipments, middlemen are also active, the two sides traded well, and the actual transaction was better than the previous two days
.
The downstream intraday receipt status has also improved compared with the previous two days, and there is some stocking, but it is expected that the active procurement status will not be sustainable
in the future.
The overall transaction in East China was good
.
In the late afternoon, aluminum shock upward, at the beginning of the opening of the carrier shipment quotation between 14440-14450 yuan / ton, the opposite surface premium around 90 yuan / ton, almost no transaction, as the aluminum price continued to rise, the holder shipments stopped, the market calmed
.
From a fundamental point of view, approaching the Spring Festival, the weakening of consumption increases the possibility of accumulation, and the fundamentals before the holiday weaken
.
However, the tension between the United States and Iran has made the risk aversion surge, under the high volatility of aluminum aluminum, it is difficult for Shanghai aluminum to fall significantly, and it is expected that the event will be difficult to solve in the short term, and even there is a possibility of intensification of contradictions, it is expected that Shanghai aluminum will maintain high volatility, speculative positions are still recommended to be mainly short-term operations
.
