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Trade Service
On Monday, the main contract of Shanghai aluminum 1809 continued to rebound, closing at 14165 yuan / ton, up 0.
6% per day, and trading at 14225-14060 yuan / ton during the day, rebounding 1.
61%
from the more than three-month low of 13940 yuan / ton set last week.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between the Shanghai aluminum 1808 contract and the 1809 contract narrowed to 65 yuan / ton
.
In terms of external trading, Asian aluminum oscillation higher, which as of 16:12 Beijing time, 3-month LME aluminum reported 2106 US dollars / ton, up 0.
93% daily, the current Lun aluminum effectively runs below the main moving average group, showing that the upper selling pressure is heavier, its lower technical support focuses on 2050 US dollars / ton, last week Lun aluminum fell 2.
13%, the same period London copper fell 4.
69%.
In terms of the market, on July 9, Shanghai aluminum trading concentrated 13980-14010 yuan / ton, the discount for the month was 40-20 yuan / ton, Wuxi transaction concentration was 13980-14010 yuan / ton, Hangzhou transaction concentration was 14010-14030 yuan / ton
.
The spot discount expanded slightly, the shipment strength of the holder weakened, turned to the receipt, the enthusiasm of the middleman to receive the goods increased, the downstream enterprises purchased on demand, and the overall transaction was more active
than last Friday.
On the macro front, the Asian dollar index continued to fall under pressure, now trading around 93.
83, down 1.
8% from this round of high of 95.
53, mainly due to the high technical correction of the dollar index and the decline in the Fed's interest rate hike expectations during the year, and the short-term market is concerned about the latest progress
of the Sino-US trade war.
In terms of industry, on July 9, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipt): the total inventory of aluminum ingots in consumption was 1.
828 million tons, down 06,000 tons
from last Thursday.
During the day, Shanghai aluminum 1809 oscillation rebounded to 14165 yuan / ton, far stronger than Shanghai copper and Shanghai nickel
.
Recently, Shanghai aluminum inventories have decreased significantly, which is conducive to the rebound
of aluminum prices.
It is recommended that the Shanghai aluminum 1809 contract can be sold high and low between 14100-14300 yuan / ton, and the stop loss is 100 yuan / ton
each.
