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On Wednesday, the main 1810 contract of Shanghai aluminum opened at 14710 yuan / ton in the morning, and the opening bulls entered the Shanghai aluminum market to continue the previous day's rally, touching a high of 14760 yuan / ton, and then fell back at a high level, fluctuating in a narrow range at 14700 yuan / ton, and touching a slight lower of 14675 yuan / ton
halfway.
After the start of the second trading session, Shanghai Aluminum went down the ladder, probing 14,665 yuan / ton, hovering up and down around the 14,680 yuan / ton line, touching 14,705 yuan / ton
.
Subsequently, the bulls were affected by successive positions to reduce their positions and leave the market, Shanghai aluminum fell all the way to the lowest price of the day of 14610 yuan / ton, supported by the 5-day line, aluminum prices have retraced, and closed at the end of the doji, closing at 14655 yuan / ton
.
In terms of external trading, Lun Aluminum opened at 2065 US dollars / ton, the opening center of gravity rose slightly, in the case of general market trading activity, around 2069 US dollars / ton around a line of shock
.
In the afternoon, Lun aluminum gradually fell, the price fell to touch the intraday low of 2055 US dollars / ton, supported by below and bulls pulled, Lun aluminum all the way up 2080.
5 US dollars / ton
.
Due to the lack of strong support in the price, Lun aluminum then softened at a high and fell slightly to touch 2061 US dollars / ton, and at the end of the day due to the fall of the US dollar, the price has retraced, climbed up 2074 US dollars / ton and sorted out the price, as of 17:55, Lun aluminum closed at 2074 US dollars / ton, up 9 US dollars / ton, or 0.
46%.
In the spot market, aluminum rose before noon of the month
.
Shanghai transaction concentration is 14570~14590 yuan / ton, the discount for the month is 40~30 yuan / ton, Wuxi transaction concentration is 14570~14590 yuan / ton, Hangzhou transaction concentration is 14590~14610 yuan / ton
.
The enthusiasm of cargo holders has increased, the receipt of goods by middlemen has slightly converged, and downstream enterprises have purchased on demand, but compared with the beginning of the month, the overall purchase volume has improved, and the overall transaction prosperity is poor
.
In the late afternoon, the transaction volume of aluminum in the month was 14520~14580 yuan / ton
.
Overall, the macro situation is not bright, given that the last two days belong to the key time point of Sino-US trade negotiations, and whether Rusal sanctions are still unknown, the macro situation is not clear affecting the confidence of market traders, the macro atmosphere is not good during the day, it is expected that Shanghai aluminum will continue to test the 10-day moving average, waiting for macro events to turn around, Shanghai aluminum or can change the shock trend
.
