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Trade Service
On Thursday, the Shanghai aluminum main 2006 contract opened at 11430 yuan / ton
in the morning.
After the opening, the trend followed the decline of aluminum, and the bears increased their positions to pressure the bottom of 11225 yuan / ton; Then the bears reduced their positions and left the market, and Shanghai aluminum slowly rose, repairing the morning decline, closing at 11475 yuan / ton
.
In terms of external disk, Lun aluminum opened at 1495 US dollars / ton
in the morning.
At the beginning of the Asian session, Lun aluminum fluctuated downward to a low of 1485.
5 US dollars / ton, and then tried to repair the previous decline; At the end of the Asian market to the beginning of the European session, crude oil prices stopped falling and turned up, and the London aluminum plate was also encouraged and rushed up to 1500 US dollars / ton, but the bulls quickly closed their positions at a high level, and Lun aluminum turned down, as of 17:11, the London aluminum market closed at 1484.
5 US dollars / ton, down 10 US dollars / ton from the day, down 0.
67%.
In the market, aluminum prices fluctuated higher before
noon.
In the morning, Shanghai Wuxi area holder quotation between 11290-11310 yuan / ton, from the previous day price fell around 220 yuan / ton, with the upward movement, after 10:30 the price concentrated between 11340-11360 yuan / ton, the opposite plate discount 20 yuan / ton to Pingshui nearby, Hangzhou area price between 11330-11350 yuan / ton
。 Traders traded reasonably in the morning, because the tax reduction is expected to be in front, the market sentiment gradually warmed up, the later receivers gradually increased, the willingness of holders to ship converged, the market began to show a situation of less and more, spot circulation tightened, but the actual transaction began to show a stalemate
.
Downstream intraday on-demand stocking is the mainstay, and some traders have reported that due to the sharp drop in aluminum prices to downstream psychological low prices, the intraday receipt volume has increased
significantly compared with the previous two days.
On the whole, the overall transaction in East China is acceptable
.
In the late afternoon, aluminum shocks rose, holders still shipped less, individual merchants quoted at 11370 yuan / ton, the opposite surface discount of 20 yuan / ton around, only a small number of transactions between traders, almost no
downstream.
In terms of news, Japanese buyers agreed to finalize imported aluminum premiums in the second quarter at $82/ton, down 1.
2%
from the first quarter.
Overnight, Lun aluminum once fell to a new low of 1481 and rebounded, basically flat during the day
.
Shanghai aluminum bottomed out last day and rose slightly, and may open slightly higher with the outside market during the day, running
around 11500.
There is cost support for the current price of Shanghai aluminum, but the demand side is poor, the trend of aluminum prices is still weak, the trend has not reversed, and the market may hit a new low
.
The upper pressure of Shanghai aluminum is 12000, and the lower support is 11000
.
