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On Monday, the main aluminum in Shanghai opened at 13,795 yuan / ton in the morning after the holiday, and the bulls entered the market at the beginning of the session, and the market once rushed to 13,850 yuan / ton, hitting a one-week high, and the bears took advantage of the high to enter the market to suppress, the price fell rapidly, and the long and short sides of the second half of the morning trading were mainly based on increasing positions, and the price shock fell back to the 20-day moving average; In the afternoon, the bulls gradually left the market, the price fluctuated back down, until the end of the session, a group of short concentrated exit, the price quickly stopped falling and stabilized, the closing price was 13805 yuan / ton, the same
as the closing price of the previous trading day.
In terms of the external market, last Friday Lun aluminum first rose and then declined, the highest rush to 1915 US dollars / ton during the Asian session, to the European trading session was heavily shorted, the lowest fell to 1880 US dollars / ton, a single day down 1.
39%, down 26.
5 US dollars / ton, the closing price was 1882.
5 US dollars / ton, the Qingming holiday US non-farm data exceeded expectations, the US dollar fluctuated higher, and most non-ferrous metals fell; This Monday, Lun aluminum opened at 1884.
5 US dollars / ton in the morning, and the Asian session slightly repaired Friday's decline, but in the European trading session gave up all the gains, as of 16:21 the market price was 1881.
5 US dollars / ton, continuing to fall slightly by 1 US dollars / ton
from the previous trading day.
In terms of the market, aluminum fell before noon in the month
.
The transaction price in Shanghai is between 13790-13820 yuan / ton, the flat water ~ liter of 10 yuan / ton for the month, up 20 yuan / ton from last Thursday, the transaction price in Wuxi is between 13790-13820 yuan / ton, and the transaction price in Hangzhou is between
13820-13840 yuan / ton.
The intraday market is full of supply, the morning market transaction is acceptable, with the decline of aluminum futures, the shipment of cargo holders weakened, and the performance of traders above was
slightly deadlocked.
There was no obvious sign of replenishment after the downstream holiday, and the basic on-demand procurement
within the day.
The overall transaction in East China is relatively average
.
In the late afternoon, aluminum maintained range fluctuations, the actual transaction price was between 13780 ~ 13800 yuan / ton, the flat water of the month ~ liter 10 yuan / ton, only a small number of transactions between traders, downstream performance is light
.
At present, the supply and demand pattern of electrolytic aluminum has hardly changed, and the national inventory fell by 8,000 tons during the Qingming Festival, which is basically in line with expectations, and it is expected that short-term prices will be mainly adjusted sideways, and there is a certain room
for growth in the medium term.
