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On Wednesday, the Shanghai aluminum 1707 contract opened at 13815 yuan / ton in the morning, the long and short were more cautious during the day, the trend of Shanghai aluminum was light, the high recorded 13870 yuan / ton, the low touched 13800 yuan / ton, the overall center of gravity volatility was only 30 yuan / ton, closing at 13845 yuan / ton, the trading volume decreased to 154126 lots, the position increased by 3934 hands to 249576 lots, the intraday long and short wait-and-see sentiment is stronger, the short-term Shanghai aluminum goal is still to get rid of the low operating range, seeking an
。
In terms of the external market, in the morning, Lun aluminum opened at 1872 US dollars / ton, before the afternoon of the Asian market, Lun aluminum slightly touched 1876 US dollars / ton, in the afternoon Lun aluminum leaked rapidly, into the European trading session Lun aluminum continued to probe the downward trend, the low touched 1862.
5 US dollars / ton, and then quickly repaired the decline, out of the deep V, as of 17:11, Lun aluminum reported 1872.
5 US dollars / ton, pay attention to the EIA release of the monthly short-term energy outlook report, it is expected that the center of gravity of Lun aluminum trading has shifted
.
In terms of the market, aluminum futures fluctuated upward before noon that month
.
Shanghai transaction concentration 13710-13720 yuan / ton, the discount for the month 20-10 yuan / ton, Wuxi transaction concentration 13710-13720 yuan / ton, Hangzhou transaction concentration 13730-13740 yuan / ton
.
The bullish atmosphere in the market is stronger, traders are very positive in receiving goods, holders are stable shipments, downstream normal rhythm procurement, and the overall transaction speculative atmosphere is strong
.
In the late afternoon, aluminum fell back to around 13725 yuan / ton in the month, and the holders adjusted the price with the market, and the spot transaction was 13700-13710 yuan / ton, and the enthusiasm of traders to receive goods weakened
.
In terms of industry, Alpart, a Jamaican alumina company holding company of Jiusteel Group, is preparing to build a second alumina plant, which is located on a small island and is expected to have an annual production capacity of 2 million tons of alumina
.
Domestic data released within the day showed that the CPI rose by 1.
2% year-on-year in April, and the PPI growth rate fell to 6.
4%, and the overall economic data was not too optimistic
.
With the adjustment of aluminum prices, spot prices have been close to flat water, and the space for the entire aluminum price to fall is limited; At the same time, supply-side reform policies are still advancing, but the actual landing effect is still worth observing
.
In the short term, the differences between the long and short sides are obvious, Shanghai aluminum or continue to consolidate at a low level, and the later rise may need to wait for more specific policies to cooperate
.
