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On Tuesday, the Shanghai aluminum 2008 contract opened at 14250 yuan / ton in the morning, and the opening price continued the downward trend of night trading, recording an intraday low of 14185 yuan / ton at about 10:10 in the afternoon, and some of the short profits at the low level reduced their positions, and the aluminum rose slightly, but the midday aluminum gave up part of the gains, mainly sideways oscillations
.
In the afternoon half an hour, the bulls increased their positions by more than 165 lots, and the price of aluminum reached a high of 14285 yuan / ton in the day, and then some bulls reduced their positions and left the market, and the aluminum release a downward signal, and some bears hastily reduced their positions at the end of the session, and the aluminum futures closed at a white line, and the closing price recorded 14245 yuan / ton
.
In terms of external trading, Lun aluminum opened at 1665 US dollars / ton
in the morning.
During the Asian session, Lun aluminum along the daily moving average narrow range of 1665-1770 US dollars / ton, into the European session, Lun aluminum ushered in a wave of strong rise, based on the daily average, rushed up 1684 US dollars / ton, as of 17:00 Lun aluminum reported 1682 US dollars / ton
.
Daily K temporarily closed at a barefoot white line, the center of gravity re-broke through the 5-day moving average, and the intraday short position reduction pushed aluminum prices up
.
Zhou Nailun aluminum recorded two consecutive positives, partially recovering last week's decline
.
The foreign economic recovery situation has given support to aluminum prices, and the recent sideways volatility of Lun aluminum has reached a high level within the day, and the night market needs to pay attention to whether Lun aluminum can continue its efforts
.
The period aluminum noon range oscillation is dominant
.
The spot price of aluminum ingots in Wuxi is between 14400-14420 yuan / ton, Shanghai is between 14390-14410 yuan / ton, down 90 yuan / ton from the absolute price of the previous day, the market spot premium is around 180-200 yuan / ton, the premium is about 60 yuan / ton lower than the previous day, and the price in Hangzhou is between
14420-14440 yuan / ton 。 Due to the increase in arrivals and weakening consumption, the supply of goods in the East China market within the day was significantly looser than the previous day, the cargo holders shipped more actively, and the reported brands were richer, but under the background of a large household's procurement plan volume of less than 10,000 tons, the willingness of middlemen to receive goods was more general, the trading between the two sides was flat, and the transaction heat fell significantly after 11:00
.
Downstream intraday on-demand pick-up is the mainstay, some traders feedback, because the intraday price has fallen compared with the previous day, superimposed on the previous day's replenishment is not much, the intraday purchase volume is more than the previous day
.
The overall transaction in East China is average, without much bright spots
.
In the late afternoon, aluminum maintained range fluctuations, and the price of holders was 14400-14420 yuan / ton, and the premium of the plate was around 160-180 yuan / ton, only a small number of transactions between traders, and almost nothing
downstream.
Overall, the long and short game in the past two days is more intense, and the price of Shanghai aluminum has maintained a range-bound trend
.
From a fundamental point of view, low inventory and tight supply still give certain support to the price of electrolytic aluminum, and the current aluminum price will test the support level around 14,000 yuan / ton, and the downside is limited
.
Aluminum prices are expected to continue the current sideways trend
.
