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On Tuesday, the main 2008 contract of Shanghai aluminum opened at 13730 yuan / ton in the morning, and the bulls increased their positions within 5 minutes of the opening to lift the aluminum price, recording a high of 13755 yuan / ton, and then encountered the sniping of the short high, the bulls saw the trend and profit exited, Shanghai aluminum quickly fell to near the 5-day moving average, touching the low of 13620 yuan / ton
.
At noon, some short profits began to leave the market, and a small number of bulls chased Shanghai aluminum prices to rebound to 13695 yuan / ton
.
The trading volume decreased in the afternoon, and the funds left the market in the afternoon, and the amplitude of Shanghai aluminum weakened, closing at 13655 yuan / ton
at the end of the session.
The contradiction between short-term spot tightness and weakening of new orders in Q3 appeared, and the decline in inventory was narrowing slightly, which made the long and short positions relatively cautious in just two days before the Dragon Boat Festival, and some of them left the market
safely.
In terms of external disk, Lun aluminum opened at $1600 / ton
in the morning.
During the Asian session, London aluminum opened slightly higher to touch 1603.
5 US dollars / ton and quickly retreated, and London aluminum fluctuated
widely before noon.
In the afternoon, Lun aluminum maintained a low and narrow range, and Lun aluminum fell near the trading time conversion stage, and as of 18:02, Lun aluminum was reported at 1592.
5 US dollars / ton
.
During the European session, the initial low of Lun aluminum touched 1590.
5 US dollars / ton, and then Lun aluminum gradually repaired the intraday decline, as of 18:05 Lun aluminum reported 1599 US dollars / ton
.
The emergence of secondary epidemic concerns has put pressure on the short-term above the $1600 / ton mark, but intraday Eurozone PMI data showed a slight recovery in the Eurozone, making Shanghai aluminum continue to trade
sideways.
In the spot market, aluminum rose slightly after the early afternoon shock retreat
.
Shanghai Wuxi spot mainstream trading price between 14020-14040 yuan / ton, the price of the previous day rose around 50 yuan / ton, the premium is between 180-220 yuan / ton, some holders of the quotation is high, between 14040-14050 yuan / ton, the second trading stage spot premium slightly down, concentrated between 180-200 yuan / ton, Hangzhou spot quotation between 14040-14060 yuan / ton
。 Intraday market circulation spot is tight, a large household normal rhythm purchase, holders shipments are relatively positive, but the quotation is firm, intermediaries receive many goods, because tomorrow is the last spot trading day of the long order execution month, some traders are eager to receive goods and hand over long orders, so intraday demand is better, on the whole, the market transaction is acceptable, and the spot premium also maintains a high stable state
.
The downstream released signs of pre-holiday stocking within the day, but due to the overall high price of aluminum, the enthusiasm for receiving goods was not as expected
.
The overall transaction in East China was relatively good
.
In the late afternoon, aluminum maintained range fluctuations, the holder's quotation was around 14010 yuan / ton, the opposite plate premium was around 200 yuan / ton, only a small number of transactions between traders, and there was almost no
downstream.
