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Last Friday (June 29), the main contract of Shanghai aluminum 1808 fluctuated in a narrow range around 14135 yuan / ton, closing at 14165 yuan / ton at the end of the day, up slightly by 0.
32% on the day, and trading at 14180-14085 yuan / ton within the day, slightly breaking the 5-day moving average, but long and short trading cautious
.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between Shanghai aluminum 1808 contract and 1809 contract maintained 70 yuan / ton
.
In terms of external trading, Asia Lun aluminum around 2155 US dollars / ton fluctuated slightly, of which as of 16:22 Beijing time, 3-month LME aluminum was reported at 2150.
5 US dollars / ton, down 0.
12% per day, at present, Lun aluminum is still running below the main moving average group, continuing the lateral shock finishing, showing that the upper selling pressure is heavier
.
In terms of the market, on June 29, the transaction concentration in Shanghai was 13990-14010 yuan / ton, the discount for the month was 70-60 yuan / ton, the transaction concentration in Wuxi was 13990-14010 yuan / ton, and the transaction concentration in Hangzhou was 13990-14020 yuan / ton
.
On the last trading day of June, the shipment efforts of cargo holders weakened, intermediaries actively inquired, seeking low-priced sources, downstream enterprises purchased according to just demand, and the overall transaction atmosphere was more active
.
On the macro front, the Asian dollar index plummeted and is now trading around 94.
98, down 0.
29%
on the day.
During the EU summit, an agreement was reached on migration to avoid a crisis, the euro rose, and the dollar plunged
.
In terms of aluminum market industry information, the UAE company plans to invest 60 million US dollars
in bauxite mining in Guinea.
During the day, Shanghai aluminum 1808 fluctuated in a narrow range to 14135 yuan / ton, and long-short trading was cautious
.
During the period, it was partially supported
by the plunge in the US dollar index.
Facing multiple moving average suppression above, the rise is weak, and it is operationally recommended that the Shanghai aluminum 1808 contract can be sold high and low between 14100-14200 yuan / ton, and the stop loss is 100 yuan / ton
each.
