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On Tuesday morning, Shanghai aluminum opened at 12490 yuan / ton, bears continued to try to enter at the beginning of the session, aluminum prices slightly downward low touched 12435 yuan / ton, and then in the bulls continue to increase positions to enter the impetus, aluminum prices once recorded 12555 yuan / ton, the end of the session short-term bulls took profits, Shanghai aluminum gave up part of the rise to close at 12495 yuan / ton, the volume decreased by 11832 hands to 149292 lots, and the position increased by 3366 hands to 171774 lots
.
The short-term Shanghai aluminum high volatility view is maintained, and the 12,500 yuan / ton first-line integer mark has begun to show resistance, and the long and short will continue to see
at this point.
In terms of external trading, London aluminum opened at 1658 US dollars / ton in the morning, the trend of London aluminum in the Asian session basically followed Shanghai aluminum, the center of gravity slowly moved up after a slight decline at the beginning of the session, the Asian market afternoon Lun aluminum rushed higher, gave up part of the rise at the end of the session, into the European trading session Lun aluminum followed London nickel again soared, the high recorded 1673 US dollars / ton, as of 17:30, Lun aluminum 1669 US dollars / ton, the evening data is light, it is expected that Lun aluminum wide volatility, continue to rise or for a high probability event
.
In terms of the market, aluminum futures fluctuated upward before noon that month
.
Shanghai transaction concentration is 13210-13230 yuan / ton, the monthly premium is 490-500 yuan / ton, Wuxi transaction concentration is 13210-13240 yuan / ton, Hangzhou transaction concentration is 13200-13230 yuan / ton
。 Shanghai, Hangzhou inventory slightly increased, holders of high shipments actively, Wuxi inventory greatly reduced, holders shipments with the positive transaction and declined, downstream enterprises for the National Day holiday to prepare just demand, have to purchase, middlemen are mainly to the downstream to receive goods, their own willingness to prepare goods cautious, the overall transaction, Wuxi Hangzhou downstream willingness to receive goods is more positive, especially Wuxi downstream receiving goods actively promote Wuxi transaction price slightly up, market circulation sources tightened
.
The decline in the willingness of middlemen to stock goods has led to a worse
transaction in Shanghai than in Wuxi and Hangzhou, which just needs support downstream.
Aluminum fell back in the afternoon of the month, the supply and demand sides were in a wait-and-see mood, the market was silent, only a few middlemen resold the source of goods received in the morning, the transaction price was 13200~13210 yuan / ton, and the premium for the month was 440-460 yuan / ton
In terms of stocks, LME aluminium stocks decreased by 10,700 tonnes to 2136025 tonnes
.
The aluminum depot in the previous period decreased by 1455 tons to 7562 tons
.
Low domestic and foreign inventories support aluminum prices
.
In terms of industry, according to customs statistics, China's alumina imports in August were about 129,000 tons, down 41% month-on-month and 68.
3%
year-on-year.
From January to August, China's total alumina imports were 2.
027 million tons, down 26.
6%
year-on-year.
On the whole, the current domestic and foreign inventory levels are low, and the shortage of spot sources has led to high spot premiums, boosting aluminum prices; Technically, the 10-day moving average crosses the 20-day moving average, the MACD red column is amplified, and it is expected that the main force of Shanghai aluminum will continue the strong trend of oscillation, with an operating range of 12300-12600
.
Pay attention to the impact
of spot arrival on the liter discount.
