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On Friday, the main force of Shanghai aluminum opened at 11950 yuan / ton, the initial aluminum price briefly touched 11875 yuan / ton, short positions closed to avoid risk, bulls increased sharply, the center of gravity of Shanghai aluminum steadily rose, the high touched 12115 yuan / ton, long and short high level to start a frontal battle, Shanghai aluminum fell around 12060 yuan / ton shock closed at 12070 yuan / ton, down 75 yuan / ton
.
The active game between long and short above 12,000 yuan / ton is fierce, and it is expected that the recent Shanghai aluminum shock will be the mainstay
.
On Friday, Lun aluminum opened at 1547.
5 US dollars / ton, Asian market, Lun aluminum around the daily moving average narrow range, the upper touch 1551 US dollars / ton, in the afternoon Lun aluminum fell slightly, the low touched 1542 US dollars / ton
.
Entering the European session, the US dollar was high, crude oil fell, Lun aluminum was under pressure to test 1537 US dollars / ton, as of 16:20, Lun aluminum recorded 1538 US dollars / ton
.
Lun aluminum is under pressure and is expected to fluctuate weakly
.
In terms of the market, the Shanghai transaction concentration was 12220-12250 yuan / ton, the premium for the month was 20 yuan / ton to 40 yuan / ton, Wuxi transaction concentration was 12220-12260 yuan / ton, and Hangzhou transaction concentration was 12280-12320 yuan / ton
。 The market circulation source is still tight, the center of gravity of aluminum before 11 o'clock continues to rise, the willingness of middlemen and downstream to receive goods is very strong, the market transaction is hot, after 11 o'clock aluminum fell rapidly, middlemen and downstream wait-and-see sentiment suddenly emerged, the market transaction cooled rapidly, and the holders lowered the price with the market, but the spot price still maintained the premium of aluminum in the month of 20 yuan / ton to 40 yuan / ton
.
In the late afternoon, aluminum fluctuated in the month, and there was almost no transaction in Shanghai, and the quotation was concentrated at 12210-12220 yuan / ton
.
On the macro front, on the international front, Eurozone data was mixed, with German industrial output falling 1.
3% month-on-month in March, better than expected; UK data retreated, generally less than expected; The Bank of England kept interest rates and bond purchases unchanged
.
In the United States, jobless claims rose to 249,000 at the beginning of last week, the highest level in nearly a year, indicating a slowdown
in the recovery of the US labor market.
Domestically, although the better-than-expected April PPI data released last week, the narrowing of industrial deflation is not surprising
considering the factors of M2 and new credit in the first quarter.
It is expected that the pace of loose monetary policy in the later period may slow down, putting pressure
on non-ferrous metals.
