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On Tuesday, Shanghai aluminum opened at 12670 yuan / ton in the morning, the bears at the beginning of the session concentrated entry, aluminum prices under pressure fell slightly lower 12610 yuan / ton, the lower Bollinger band showed strong support, bears gradually left the market and waited, Shanghai aluminum trading center of gravity slowly moved up, before the afternoon metal collective slightly down, Shanghai aluminum afternoon continued to bottom the low touched 12530 yuan / ton, at this time the bears confidence is slightly insufficient, bulls took the opportunity to enter to push aluminum prices upward, the end of the session bears again concentrated on leaving the market, aluminum prices were shocked up to 12690 yuan / ton, Closed at 12665 yuan / ton, temporarily guarding the lower Bollinger
band.
In terms of external trading, Lun aluminum opened at 1709 US dollars / ton in the morning, the trend of London aluminum during the Asian session was weak, the trading center of gravity slowly fell once below the 60-day line support, the low touched 1703.
5 US dollars / ton, and then Lun aluminum was boosted by domestic Shanghai aluminum, quickly repaired the decline, into the European trading session Lun aluminum continued to rise to touch 1715.
5 US dollars / ton, as of 17:30, Lun aluminum 1713 US dollars / ton, up 2.
5 US dollars, or 0.
15%.
On the macro front, at the end of the year, the money shortage has become more serious, and the Shanghai Interbank Offered Rate (SHIBOR) has risen for six consecutive days, resulting in collective pressure on commodities, and copper and aluminum are naturally not spared
.
At the same time, a series of terrorist attacks in Turkey, Switzerland and Germany on Monday suddenly tensed the geopolitical crisis, suppressing risk assets and frustrating copper and aluminum
.
However, given that investors' expectations of good future demand have not changed, copper and aluminum are expected to decline limitedly
.
In terms of the market, aluminum futures fluctuated upward before noon that month
.
Shanghai transaction concentration is 12720-12740 yuan / ton, for the month premium 70-80 yuan / ton, Wuxi transaction concentration 12720-12740 yuan / ton, Hangzhou transaction concentration 12730-12760 yuan / ton
.
Holders continue to control goods and raise prices, and the recent sharp decline, downstream enterprises have successively received goods to arrange postponed orders in the early stage of production, the willingness to receive goods has increased, middlemen are actively willing to take goods at low prices, and the overall transaction is more active
than yesterday.
Spot premium maintained stability and delayed spot decline
.
In the late afternoon, aluminum was first suppressed in the month, the low touched 12590 yuan / ton, and the end of the day closed higher, the holders were in a wait-and-see mood, some middlemen entered the market at a low level to stock, and the transaction price was concentrated at 12710-12740 yuan / ton, and a small number of transactions
.
In terms of news, there are rumors that some smelters control shipments, the spot market is actively trading, still maintaining the level of premium, the side gives aluminum support, and short-term attention to the guidance of the continuation of the spot market premium on the futures plate
.
