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On Monday, the main 2008 contract of Shanghai aluminum opened at 13545 yuan / ton in the morning, and the bulls increased their positions by more than 400 hands within 3 minutes of the opening, touching the high of 13585 yuan / ton, some bulls took profits and left the market, giving up the opening rally, and Shanghai aluminum once turned green and touched 13520 yuan / ton
.
After the bulls gradually prevailed, Shanghai aluminum turned red and continued to rise, rising 0.
33%
at noon.
In the afternoon, bulls continued to pour into Shanghai aluminum to expand their gains, during which although bears tried to snipe at a high level, but failed to do so, and the end of the session Shanghai aluminum bears fled to the high to touch 13750 yuan / ton, closing at 13695 yuan / ton
.
In terms of external disk, Lun aluminum opened at 1592 US dollars / ton
in the morning.
During the Asian session, Lun aluminum opened weak, and remained weak in the following period, the amplitude was within 5 US dollars / ton, and as of 15:00 Lun aluminum was reported at 1587.
5 US dollars / ton
.
During the European session, the volatility of London aluminum intensified, the overall still showed weak shocks, once turned low to touch 1581.
5 US dollars / ton after Lun aluminum turned red, but still failed to repair the intraday decline, as of 18:16 Lun aluminum reported 1587 US dollars / ton
.
The second epidemic concerns intensified, the dollar rebounded below the Lun aluminum above the pressure again, it is expected that the evening London aluminum remains weak and volatile, there is a possibility
of testing the 20-day moving average below.
In the spot market, aluminum fluctuated upward
in early afternoon.
The first trading stage of Shanghai Wuxi area holder quotation between 13970-13990 yuan / ton, the price from the previous day rose around 70 yuan / ton, premium around 180-200 yuan / ton, with the rise of futures aluminum, the second trading stage of the holder spot price is reported at 13990-14010 yuan / ton, premium 200-220 yuan / ton nearby, Hangzhou spot quotation between 13980-14000 yuan / ton
。 A large household purchases more batches and plans to purchase nearly 20,000 tons during the day, the cargo holder is actively shipping to it, the two sides are actively trading, with the late 10:30 aluminum rise is large, and the large household acquisition is close to the end, the holder's quotation is rising and the price is firm, the middleman is very active in receiving goods within the day, because it is close to the end of the long order delivery month, the willingness to receive goods increases, resulting in a slight increase
in the late stage of premium.
The downstream intraday spot procurement performance was flat, mainly normal replenishment, and no signs
of pre-holiday stocking have yet been shown.
The overall transaction in East China was acceptable
.
In the late afternoon, the aluminum shock rose, a small number of holders quoted around 14030 yuan / ton, the opposite plate premium around 210 yuan / ton, only a small number of traders transactions, almost no
downstream.
The problem of tight circulation spot has reappeared, especially the small circulation of deliverable brand aluminum ingots, which has revived the bullish atmosphere in the market, and although the decline in aluminum ingot inventory within the day narrowed to 17,000 tons, the inflection point still needs to be in July, which makes the 07-08 contract spread also narrow to 170 yuan / ton
.
It is expected that Shanghai aluminum will remain strong and volatile for three working days this week, and the center of gravity is around the 5/10-day moving average
.
