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On Monday, the Shanghai aluminum main 1908 contract opened at 13860 yuan / ton in the morning, fell below the daily moving average at the open, and was pressed by the short position increase to test the low of 13800 yuan / ton, and then ran below the daily moving average all day, difficult to break upward, during which it approached the 13800 yuan / ton mark
twice 。 Due to the weakness of the upside, near the end of the session bears entered the market to take advantage of the situation to suppress, aluminum prices are difficult to support directly fell to the lowest point of the day of 13765 yuan / ton, refreshing the lowest price since the end of March this year, because there is still some support below, the last five minutes of the daily market short exit quickly, reduce positions over 1,000, Shanghai aluminum rebounded at a low level, and finally closed at 13810 yuan / ton, down 110 yuan / ton, down 0.
79%.
In terms of the external market, Lun aluminum opened at 1760 US dollars / ton in the morning, the Asian market maintained a narrow range of oscillation, the two upward movements were blocked at 1763.
5 US dollars / ton, the upper pressure is difficult to break through, the Asian market tail leaked down to the low of 1752 US dollars / ton intraday low, refreshing the lowest point since mid-January 2017, and then slowly stepped back to try to rise, but as of 17:30, the highest level only rose to 1757.
5 US dollars / ton, closing at 1756 US dollars / ton, down 1.
5 US dollars / ton, down 0.
09%, A small black candlestick was recorded, the center of gravity was below all moving averages, the daily KDJ three-line convergence was facing down, and the MACD red line was shortened
.
Overnight, the US dollar index put pressure on all metals, and there was no sharp correction in intraday metals, metal green fat red thin, aluminum prices closed slightly lower, and it is expected to continue to maintain low range shocks, upward pressure is greater
.
In terms of the market, aluminum futures opened the month to the downside
.
In the morning, the trading price of Shanghai Wuxi market was concentrated between 13900-13910 yuan / ton, the opposite plate premium was around 10 yuan / ton, and the Hangzhou transaction price was concentrated between 13920-13940 yuan / ton, with the decline of aluminum, the transaction price of Shanghai Wuxi market began to be concentrated around 13880-13890 yuan / ton, down nearly 60 yuan / ton from last Friday, and the opposite plate premium 10-20 yuan / ton
。 There is no receiving plan online in a large household during the day, the market supply is very sufficient, although the holders actively ship but the actual shipment volume is not much, the transaction activity of middlemen and traders has dropped significantly compared with last week, the downstream end of Monday replenishment is not as expected, the purchase willingness is not obvious, because the downward trend of aluminum superimposed on tomorrow's moon background on the price of the wait-and-see attitude, the receipt is not positive
.
Aluminum continued to decline in the late afternoon, although there are traders in the market around 13870-13880 yuan / ton, but today's delivery, the market atmosphere is light, the actual transaction is rare, the downstream performance is calm
.
The macro atmosphere is not good during the day, in the case of the high background of the US index superimposed on the fundamental bearishness, the trend of aluminum prices is weak, it is expected that aluminum prices will continue to maintain weak shocks after the change of month, and the upper space is relatively limited, continue to pay attention to the change
of long and short positions.
