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On Wednesday, the main force of Shanghai aluminum opened at 14315 yuan / ton, at the beginning of the opening of the bulls increased the aluminum price short-term rush up 14370 yuan / ton, then the first trading session more kill more pattern appeared, aluminum prices fell after twice tried to rebound and rise, the second trading session, the spot market selling phenomenon passed to the futures aluminum market, aluminum price center of gravity downward, around 14270 yuan / ton shock, late noon, bulls panic fleeing, aluminum prices plunged below the daily moving average, the afternoon downward decline continued, the low recorded 14080 yuan / ton, Closed at a low level of 14100 yuan / ton
.
In terms of the external market, Lun aluminum opened at 1759 US dollars / ton in the morning, the Asian market was dragged down by the main decline of Shanghai aluminum, Lun aluminum struggled around the daily moving average at the beginning of the session, and finally under the impact of the continuous decline of Shanghai aluminum, Lun aluminum lost its center of gravity and slowly declined, and the low touched 1651 US dollars / ton; Entering the European trading session, losing Shanghai aluminum containment, Lun aluminum like a wild horse, rebound rushed up 1766 US dollars / ton, but the US dollar is high, Lun aluminum has insufficient stamina, high volatility, as of 17:30, Lun aluminum recorded 1755 US dollars / ton, in the evening US durable goods, manufacturing PMI, housing and other data released, the dollar still has room to rise, coupled with Shanghai aluminum pressure, Lun aluminum continued to fluctuate at a high level
.
In terms of the market, aluminum fluctuated downward in the month
.
Shanghai trading concentrated 14940-14980 yuan / ton, for the month premium 300-310 yuan / ton, Wuxi transaction concentrated 14930-14970 yuan / ton, Hangzhou transaction concentrated 14940-14960 yuan / ton
.
The transaction price in the South China market within the day is concentrated in 15840-15850 yuan / ton, compared with the premium of 880-910 yuan / ton in East China, the price difference between the two places has further expanded, approaching the 1,000 yuan mark, the holders still continue yesterday's price mentality, but the aluminum is downward, middlemen and downstream enterprises are cautious and wait-and-see attitude, and the supply ends are in a tug-of-war
.
In the late afternoon, aluminum dived, and the quotation of holders in East China was lowered to 14840-14890 yuan / ton, but the premium of aluminum in the month was expanded compared with before noon, and the middlemen were bearish on the spot price, and the willingness to receive goods was extremely cold
.
Overall, the cold wave hit, affecting spot supply, good for aluminum prices, electrolytic aluminum costs continued to rise, supporting aluminum prices, electrolytic aluminum production increased, putting pressure
on aluminum prices.
Technically, the candlestick has a long upper shadow and the MACD indicator is blunted
.
This week's heavy snowfall will be the main driving force for spot price increases, but it is also necessary to pay attention to the increase in imported aluminum ingots and the increase
in Shandong automobile shipments.
It is expected that the main trend of Shanghai aluminum will be volatile, focusing on the support
of the price of 14000.
