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On Thursday, Shanghai aluminum opened at 13755 yuan / ton in the morning, intraday aluminum price fluctuations are more violent, the beginning of the session bears pressure Shanghai aluminum fell sharply, the low touched 13660 yuan / ton, the low short profit take, aluminum prices rose back to around 13760 yuan / ton, and then the long and short game under the pressure of Shanghai aluminum above the daily average, the trading center of gravity around 13730 yuan / ton oscillation, the end of the session bears concentrated pressure, Shanghai aluminum lost 13700 yuan / ton line closed at 13675 yuan / ton, the trading volume increased to 241154 lot, The open position increased by 572 lots to 284362 lots
.
In the evening, it is expected that the trend of Shanghai aluminum will remain weak, or the initial test of 60-day line support
.
In terms of the external market, in the morning, Lun aluminum opened at 1870 US dollars / ton, the Asian session London aluminum trend is weak, the trading center of gravity slightly down, the end of the session low touched 1865 US dollars / ton, into the European trading session Lun aluminum slowly moved up successfully turned red, as of 18:01 Lun aluminum 1874 US dollars / ton, pay attention to the European Central Bank's interest rate decision and Draghi's speech
in the evening.
Lun Aluminum is expected to continue testing the effective support
of the 40-day moving average.
In terms of the market, the low level of aluminum fluctuated
at the same month.
Shanghai transaction concentration is 13460-13490 yuan / ton, the discount for the month is 100-80 yuan / ton, Wuxi transaction concentration is 13460-13480 yuan / ton, Hangzhou transaction concentration is 13520-13540 yuan / ton
.
Smelters and cargo holders control shipments, try to raise prices, the circulation of goods is reduced, middlemen appropriately take advantage of the low price to receive goods and prepare warehouses, downstream enterprises maintain the strategy of entering the market and stocking, the overall transaction inquiry is active, and the transaction remains warm.
In the late afternoon, the shock of aluminum in the month was weak, and the cargo holders adjusted the price and shipment, and the price was concentrated at 13460-13470 yuan / ton, and the transaction was weak
.
In terms of industry, customs data show that China's unforged aluminum and aluminum products exported 260,000 tons in February and 650,000 tons from January to February, a cumulative decrease of 2.
1% year-on-year; Paraguay's official statement said that it decided not to impose temporary anti-dumping duties on the preliminary ruling of aluminum extrusions originating in China; The world's three largest aluminum producers quoted $135 per tonne for aluminum premium in the Japanese market in the April-June quarter, up 42%
from the first quarter.
In terms of inventory, as of March 9, the total social aluminum inventory in the five places in the country was 1.
122 million tons, an increase of 94,000 tons from last week, and the growth trend of inventory is unabated
.
However, after the aluminum price fell near the cost line, smelters and spot traders showed obvious signs of price support, and the intraday discount narrowed to 100 yuan / ton line, providing some support
for future aluminum.
On the market, Shanghai aluminum has strong support in the 13,500 line, which is affected by market sentiment in the short term or continues to be weak, but there is not much
room for continued adjustment.
