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On Friday, the main force of Shanghai aluminum opened at 11820 yuan / ton, PMI returned to the boom and bust line, short risk aversion intensified, closed positions and left the market, the main center of gravity of Shanghai aluminum continued to rise, the high touched 11920 yuan / ton, at the end of the session, the bulls closed their positions at a high profit, and the aluminum price fell slightly to close at 11890 yuan / ton, up 135 yuan / ton
.
During the day, Lun aluminum opened at 1520 US dollars / ton, early Asian market, Lun aluminum and Shanghai aluminum, touched 1531 US dollars / ton, in the second trading session before the afternoon, crude oil fell, Lun aluminum fell back to 1523.
5 US dollars / ton, crude oil rebounded in the afternoon, Lun aluminum returned to the upward channel, into the European market, Lun aluminum rose wide, as of 18:00, Lun aluminum has climbed to 1543 US dollars / ton
.
Macro aspect, the United States March Chicago PMI performance exceeded expectations, showing that the manufacturing industry or out of the downturn, the dollar lower and manufacturing improvement to provide support for aluminum prices, in addition, China's March non-manufacturing PMI index is higher than the previous value, the market atmosphere is more, support Shanghai aluminum shock higher, because of the Qingming small holiday, resulting in market profit-taking, position orders reduced, it is expected that short-term aluminum prices continue to maintain a strong shock trend
.
In terms of the market, the center of gravity of aluminum continued to rise to 11,870 yuan / ton in the month, a new high
this year.
Shanghai transaction concentration 11870-11880 yuan / ton, flat water to premium 10 yuan / ton, Wuxi transaction concentration 11860-11870 yuan / ton, Hangzhou transaction concentration 11870-11890 yuan / ton
.
Social inventory continues to decline, circulation spot is tight, spot prices continue to be strong, the period of aluminum from small discount to flat water rose to premium, Wuxi circulation source is relatively more than Shanghai Hangzhou, spot price is slightly lower than the price of Shanghai and Hangzhou, immediately ushered in the Qingming small long holiday, downstream stocking efforts increased, the overall market transaction picked up
sharply.
Qingming small long holiday return, it is expected that the main force of Shanghai aluminum will be exchanged to the 1606 contract
.
Shanghai period aluminum leads the domestic and foreign aluminum market, the market atmosphere is more, the forward target is 12,000 yuan / ton
.
