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On Tuesday, the main 2107 contract of Shanghai aluminum rebounded low, with the highest 19170 yuan / ton, the lowest 18745 yuan / ton, and the close of 18945 yuan / ton, up 0.
58% from the closing price of the previous trading day; LME aluminum is strongly volatile, as of 15:00 Beijing time, 3-month Lun aluminum was reported at $2478 / ton, down 0.
42%
from the previous session.
Market focus: (1) Goldman Sachs: I do not believe that the Fed will hint at tapering bond purchases at its June interest rate decision
.
(2) China's 6063 aluminum rod spot inventory (10,000 tons) on the 15th: 112,000 tons, an increase of 1.
15 from last Thursday (June 10); electrolytic aluminum inventory in China's main markets on the 15th (10,000 tons): 887,000 tons, down 21,000 tons from last Thursday (June 10);
Spot analysis, spot A00 aluminum reported 18950-18990 yuan / ton, the average price was 18970 yuan / ton, up 140 yuan
daily.
The sentiment of the spot market is general, the holders of the price and the price adjustment coexist, the receiver continues to purchase at a low price, and the overall transaction is light
.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 80,908 tons, down 6,719 tons from the previous trading day; LME stocks were 1,640,200 tonnes, down 12,650 tonnes
per day.
Main positions: the top 20 long positions of the main 2107 contract of Shanghai aluminum held 119390 lots, minus 5397 lots per day, short positions 120654 lots, minus 2439 lots per day, net long positions 1264 lots, daily increase of 357 lots, long and short reduction, and net increase
.
Market research: The recent rise in US inflation data and consumer confidence index has brought some support to the US dollar, but it will not affect the Fed's current easing policy in the short term, the US dollar may remain weak, and the market is waiting for the Fed's policy decision
on Wednesday.
The recent news of domestic reserve dumping has landed, and the impact of this dumping on the market is relatively limited, and specific details
still need to be tracked in the follow-up.
Affected by the sharp rise and fall of the market during the day, the sentiment of middlemen and downstream receivers weakened, and the actual transaction turned weak
.
In addition, aluminum ingots have continued to destock, which has supported the futures price
.
However, the impact of the automotive core shortage problem on automobile production is continuing, and it is expected to ease until the end of the third quarter
.
Overall, the domestic futures bearish atmosphere after the holiday was strong, dragged down by the pessimistic atmosphere, aluminum prices slightly green, and the overall shock was strong
.
