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LME aluminum fluctuated on Friday, as of 15:04 Beijing time, 3-month Lun aluminum was reported at 1780.
5 US dollars / ton, up 0.
20%
on a daily basis.
The main 1909 contract of Shanghai aluminum opened low and downward, with the highest 13845 yuan / ton and the lowest 13775 yuan / ton during the day, and the closing price was 13795 yuan / ton, up 0.
43% from the closing price of the previous trading day; The trading volume was 131,000 lots, an increase of 23,056 lots per day, and the position was 214,300 lots, a daily decrease of 9,944 lots
.
The basis was expanded to 35 yuan/ton; The price difference between Shanghai and aluminum from 1909 to 1910 widened to 25 yuan / ton
.
Market focus: US President Donald Trump will announce EU trade at 1:45 a.
m.
Beijing time on Saturday, after the United States and Europe have recently renewed trade
tensions over issues such as agriculture and aviation subsidies.
According to data released by the National Development and Reform Commission, in the first half of the year, the cumulative output of electrolytic aluminum in the country was 17.
41 million tons, a year-on-year increase of 2.
2%, an increase of 0.
6 percentage points; the cumulative output of alumina was 37.
19 million tons, a year-on-year increase of 6.
7%, an increase of 5.
6 percentage points
.
Spot analysis, on August 2, spot A00 aluminum quotation 13810-13850 yuan / ton, the average price of 13830 yuan / ton, down 40 yuan / ton
from the previous trading day.
The market supply is more abundant during the day, the actual receipt volume of a large household is reduced compared with the previous days, but the price of the holder is slightly higher, the premium is higher than the previous day, traders and middlemen are trading better, but the activity is not as good as the previous day, the aluminum price fell after 11:00, the number of shipments increased, but the actual transaction was significantly weaker than in the
morning.
Downstream on-demand procurement, slightly stocked but not obvious
.
Warehouse receipt inventory: the total of Shanghai aluminum warehouse receipts on Friday was 143413 tons, a daily decrease of 1755 tons; On August 1, LME aluminum stocks were 1027950 tons, down 925 tons
per day.
Main positions: the top 20 long positions of the main 1909 contract of Shanghai aluminum are 75308 lots, minus 2597 lots per day, 79863 short positions, 5035 lots per day, 4555 net short positions, 2438 lots per day, both long and short are reduced, and the net space is reduced
.
The main 1909 contract of Shanghai aluminum opened low and fell during the day
.
The US dollar index fell, superimposed aluminum inventories have a downward trend, and upstream alumina plants have reduced production news, alumina prices have rebounded slightly, which is good for aluminum prices, but in recent days affected by the increase in uncertainty in the global trade situation, putting pressure
on aluminum prices.
In terms of spot, the market supply is relatively sufficient, and the actual receipt volume of a large household is reduced compared with the previous days, but the price of the holder is slightly higher, and the trading of traders and middlemen is better, but the activity is not as good as the previous day, and the downstream purchases on demand, slightly stocked but not obvious
.
Technically, the daily MACD red bar of the main 1909 contract of Shanghai aluminum shortened, and the short-term shock is expected to be weak
.
