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On Monday, the main 1909 contract of Shanghai aluminum opened at 13800 yuan / ton
in the morning.
After the opening, some bulls closed their positions and left the market, the price came under pressure to 13765 yuan / ton, after the low and the bears withdrew at a low level, the price rebounded, and the unilateral upward high touched 13905 yuan / ton, and then the bulls waited for the opportunity to close and leave the market at a high level, closing at 13865 yuan / ton before noon; In the afternoon, the long and short sides increased their positions at the open, Shanghai aluminum around 13850 yuan / ton around the sideways oscillation, a small number of short short exit in the afternoon, the end of the session finally closed at 13880 yuan / ton, up 85 yuan / ton, up 0.
62%.
In terms of external trading, Lun aluminum opened at 1774 US dollars / ton in the morning, at the beginning of the Asian trading session, the market continued to ferment negative sentiment about the Sino-US trade dispute, the yuan plummeted below 7, base metals generally fell, Lun aluminum plummeted, once fell below and far below the daily moving average, after testing down 1763 US dollars / ton, hovering at 1765 US dollars, lacking rebound momentum in the shadow of macro concerns; After entering the European trading session, the US dollar fell from the 98-point high, and the low level of London aluminum was repaired, and as of 17:08 Beijing time, the market price was 1765.
5 US dollars / ton, forming a six-month decline, down 7.
5 US dollars / ton from the previous day, down 0.
42%.
In terms of the market, aluminum futures first fell before noon of the month, and the second trading range rose significantly
.
In the morning, Shanghai Wuxi two places traded between 13830-13840 yuan / ton, the opposite plate premium 20-30 yuan / ton around, compared with last Friday's price is basically flat, the second trading stage of aluminum soared, all the way up, the price of the two places began to concentrate between 13860-13880 yuan / ton, the opposite plate premium 20-30 yuan / ton, Hangzhou area price morning quotation between 13860-13880 yuan / ton, with the price of aluminum soaring, Hangzhou local holders began to wait and see, shipments are not much, There are few
quotes.
In the morning, traders and middlemen in the East China market traded actively, but the market wait-and-see mood was stronger, the holders did not ship much, slightly raised prices, and the aluminum price rose sharply in the later period, some middlemen were more optimistic about the future market, and the number of receivers increased significantly, but the actual transaction at this time was not as good as in
the morning.
Downstream manufacturers still had some replenishment on Monday, but the activity was not obvious
compared to traders.
In the late afternoon, aluminum maintained range volatility, the holder's quotation was around 13890 yuan / ton, and the opposite plate premium was around 30 yuan / ton, only a small number of transactions between traders, and almost nothing
downstream.
In terms of the market, LME aluminum inventory decreased by another 4200 tons to 1.
02 million tons, Lun aluminum is currently led by global macro news and sentiment, is expected to be weak and volatile, running between 1750~1800 US dollars
.
In terms of news, it is rumored on the Internet that Indonesia signed a ban on the export of raw ore resulting in a sharp rise in nickel prices, and Indonesia, as China's third largest imported bauxite country, if the news is true, there is also some support for aluminum prices, but from the perspective of electrolytic aluminum supply and demand, aluminum prices are expected to fluctuate
.
