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On Thursday morning, Shanghai aluminum opened at 13810 yuan / ton, the beginning of the day flat more in, aluminum prices rose to around 13900 yuan / ton, the 40-day line showed strong resistance, bears tried to enter the market to put pressure, short more exit wait-and-see, aluminum prices have fallen, then bulls tried to enter the market, aluminum price trading center slowly moved up, afternoon bulls increased the scale of entry, Shanghai aluminum volume once pulled up 13985 yuan / ton, the end of the session long and short are cautious, cross out of the market under the narrow range of aluminum prices closed at 13960 yuan / ton
。 The Fed's interest rate hike landed, in market expectations, the dollar plummeted, and metals were boosted by this to record different gains, focusing on the long and short competition
for the 14,000 yuan / ton integer mark.
In terms of external trading, in the morning, Lun aluminum opened at 1886.
5 US dollars / ton, at the beginning of the session, Lun aluminum rushed higher after a slight fall near the daily moving average, in the afternoon followed the domestic Shanghai aluminum upward to 1900 US dollars / ton integer mark nearby, into the European trading session, Lun aluminum successfully broke through the 1900 US dollars / ton point resistance, maintain a strong trend, as of 17:48, Lun aluminum recorded 1908.
5 US dollars / ton, the US dollar plunged to boost the metal, pay attention to whether it can successfully stand up effectively and hold the 1900 US dollars / ton integer mark, Or will continue to be tested
and tested.
In terms of the market, on the first trading day after the change of month, aluminum fluctuated
upward.
Shanghai transactions are concentrated in 13590-13610 yuan / ton, discount 200-180 yuan / ton, Wuxi 13590-13600 yuan / ton, Hangzhou 13600-13620 yuan / ton
.
The performance of aluminum prices in the early stage of trading was weak, and the market trading was light, and as the price of aluminum continued to rise, the market trading turned good, the quotation rose synchronously with the market, and downstream enterprises maintained bargain hunting, and the overall transaction was
acceptable.
In the late afternoon, aluminum rose sharply, and holders were more reluctant to sell, Wuxi traded 13,650 yuan / ton, and the discount for the month was still around
200 yuan / ton.
In terms of industry, on March 16, SMM counted domestic electrolytic aluminum social stocks, 252,000 tons in Shanghai, 373,000 tons in Wuxi, 63,000 tons in Hangzhou, 87,000 tons in Gongyi, 368,000 tons in the South China Sea, and a total of 1.
143 million tons in the five places, an increase of 21,000 tons
from last Thursday.
From the perspective of inventory, the month-on-month growth rate has slowed down, and the social inventory of the five places has only increased by 21,000 tons, and the pressure has been slightly reduced
.
Due to the overall improvement of the commodity market and the upcoming consumption season, aluminum prices may continue to rebound slightly; However, the phased surplus situation has not significantly improved, and the space for aluminum prices to rebound is limited
.
