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On Friday, the main contract of Shanghai aluminum opened at 14005 yuan / ton in the morning, after the opening of more flat short in, aluminum prices fell sharply to 13815 yuan / ton, around 10:30 Shanghai zinc opened a violent rally market, other metals followed the upside, Shanghai aluminum around 11:00 began to repair the decline, in the afternoon Shanghai aluminum in the daily average of 13920 yuan / ton suffered resistance, once stepped back at 13880 yuan / ton, the end of the early entry bears concentrated exit, Shanghai aluminum successfully recovered the 5-day moving average, closed at 13945 yuan / ton
。
In terms of external trading, Lun aluminum opened at 1911 US dollars / ton in the morning, and Lun aluminum followed the domestic market to rebound out of deep V before the afternoon, and the low pierced the 40-day line to touch 1901 US dollars / ton, and in the afternoon, Lun aluminum fluctuated between the daily average and the 60-day line, several attempts to stand on the 60-day line were unsuccessful, and the evening data was light, it is expected that Lun aluminum for the 60-day line is difficult to form an effective breakthrough, pay attention to the trend
of surrounding varieties.
In terms of the market, aluminum fell all the way to 13,780 yuan / ton
before noon of the month.
Shanghai transaction concentration is 13660-13680 yuan / ton, the discount for the month is 130-120 yuan / ton, Wuxi transaction concentration is 13660-13680 yuan / ton, Hangzhou transaction concentration is 13670-13690 yuan / ton
.
Holders shipped positively, on the last trading day, most enterprises have entered the settlement state, the transaction has been rare, the speculation is lighter, only the downstream sporadic demand, the overall transaction is slightly worse
than yesterday.
In the late afternoon, aluminum rebounded low in the month, and the trading price in East China was 13680-13710 yuan / ton
.
On the news front, gold prices fell on Thursday as the central bank signaled that it might begin to withdraw ultra-loose monetary policy, which sent European and American Treasury yields higher, but the dollar's fall to its lowest level of the year supported gold prices
.
Gold prices are highly sensitive to rising interest rates, which increase the opportunity cost of
holding gold.
But the dollar's decline, offsetting the impact of rising yields, kept gold range volatility
.
The market is focused on the economic data to be released in the United States on Friday, including personal income and expenditure data, from which investors will judge inflation signals
.
This week, Shanghai aluminum changed last week's sharp reduction in positions, market funds gradually abundant, and the number of positions gradually increased
during the week.
June 30 is the deadline for electrolytic aluminum enterprises to self-check and report illegal production capacity, next week or there is a local illegal production capacity publicity, long and short still exist game, aluminum prices maintain a pattern of resistance and support, it is expected that next week Shanghai aluminum main contract will continue to maintain range shock, running at 13750 ~ 14050 yuan / ton
.
