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LME aluminum fell slightly on Tuesday, as of 15:04 Beijing time, 3-month Lun aluminum was reported at $1820.
5 / ton, up 0.
39%
per day.
The main 1909 contract of Shanghai aluminum continued to decline, with the highest 13865 yuan / ton and the lowest 13750 yuan / ton during the day, and the closing price was 13750 yuan / ton, down 0.
79% from the previous trading day's closing price; The trading volume was 145,000 lots, a daily decrease of 9,986 lots, and the position was 244,400 lots, an increase of 456 lots
per day.
The basis was expanded to 50 yuan/ton; The price difference between Shanghai and aluminum in 1909-1910 widened to -20 yuan / ton
.
Market focus, US President Trump tweeted that the White House and Congress agreed
on a debt ceiling and budget agreement.
Tonight, the new British prime minister will be officially announced, and the market is worried that the United Kingdom will eventually leave the EU without a deal because the popular candidate is Johnson, who has a tough attitude towards the EU
.
According to data from the General Administration of Customs, China's scrap aluminum imports in June were 180,000 tons, an increase of 66.
2% over the same period last year; From January to June, scrap aluminum imports were 840,000 tons, a slight increase of 0.
1%
year-on-year.
In addition, China's alumina exports in June were 3,757 tons, almost down from 7,536 tons in May
.
Spot analysis, on July 23, spot A00 aluminum quotation 13780-13820 yuan / ton, the average price of 13800 yuan / ton, down 50 yuan / ton
from the previous trading day.
In the morning, a large household maintained the rhythm of receiving goods in East China, and the shippers shipped fairly, because the price fell back and the middlemen and traders received the goods very actively, and the buyers and sellers traded actively, but the transaction price was relatively deadlocked, and the fluctuation range was small
.
Due to the decline in aluminum prices, downstream goods are acceptable, but the purchase volume has not increased
significantly because there has been some replenishment on the previous day.
On the whole, the transaction in East China is better
.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 148862 tons on Tuesday, a daily decrease of 2579 tons; On July 22, LME aluminum stocks were 966,600 tons, a daily decrease of 7,400 tons
.
Main positions: the top 20 long positions of the main 1909 contract of Shanghai aluminum are 76559 lots, minus 1332 lots per day, short positions are 89112 lots, daily minus 1138 lots, net short positions are 12553 lots, daily increase of 194 lots, long and short are reduced, net space increases
.
Market research and judgment: On July 23, the main 1909 contract of Shanghai aluminum continued to decline
.
Trump tweeted the major news, the dollar index rose slightly, coupled with the continuous increase in upstream alumina plant inventories and falling prices, which put pressure
on aluminum prices.
In terms of spot, due to the price fall, the shipment middlemen and traders are very active in receiving goods, buyers and sellers are actively trading, but the transaction price is relatively deadlocked, the fluctuation range is small, and the downstream receiving is acceptable, but because the previous day has been partially replenished, the intraday purchase volume has not increased
significantly.
Technically, the main 1909 contract of Shanghai aluminum runs below the moving average group, and the daily MACD red bar is greatly shortened, and the short-term shock is expected to be weak
.
