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On Thursday, the Shanghai aluminum main 1908 contract opened at 13890 yuan / ton in the morning, slowly climbed at the open, hindered by the highest point of the day at 13910 yuan / ton after falling, maintained a wide range in the afternoon, two upward blocked at 13900 yuan / ton, the low twice stopped at 13875 yuan / ton, the end of the day closed at 13900 yuan / ton, up 5 yuan / ton, up 0.
04%, closed at the small black line, the upper pressure on the 20-day moving average, the center of gravity slightly sinking
from the previous day.
In terms of the external market, Lun aluminum opened at 1815 US dollars / ton in the morning, the performance of the Asian trading session rushed back down, the early along the 5-day moving average to explore the high to 1825 US dollars / ton, but continued to rise lack of power support, and then fell back to 1815 US dollars / ton to open the line, after entering the European trading session, Lun aluminum hovered at 1818 US dollars / ton line, intraday LME inventory report showed that Lun aluminum increased by 5150 tons, at this time the bears saw the right time to enter the market to put pressure, Lun aluminum fell all moving average support, The low fell to $1809 / ton, and as of 17:40, Lun aluminum closed at $1812 / ton, down $3 / ton, or 0.
17%.
In terms of the market, aluminum futures maintained range-bound volatility at the opening of the month
.
In the morning, the transaction price of Shanghai Wuxi and Wuxi was between 13910-13920 yuan / ton, with the announcement of the net price transaction gradually into the later stage, the oversupply of the spot market on the day was highlighted, the Shanghai price began to concentrate on 13890-13900 yuan / ton, the current month plate paste 10 yuan / ton to flat water, Wuxi transaction price between 13900-13920 yuan / ton, Hangzhou transaction price between 13940-13960 yuan / ton, the current month and next month ticket price difference around 10 yuan / ton
。 Due to the close to the mid-year superposition of the end of the month At the end of the month, month-end settlement and mid-year settlement are on the agenda, considering the settlement cycle, traders and middlemen have reduced their business volume, received not much goods, and the market transaction activity is not as active as the previous day, so the price fell slightly before the afternoon, and compared with Wuxi area, the market supply is more and the consumption is not good, the transaction is worse than that in Wuxi, and the spot premium has also changed from the previous premium of around 10 yuan / ton to flat water or a small discount
。 In the late afternoon, aluminum maintained a narrow range of fluctuations, the market performance was flat, only a small number of traders held the quotation, the price was concentrated around 13910 yuan / ton, the opposite plate maintained near flat water, and there were few actual transactions
.
Intraday macro news is relatively light, Shanghai aluminum performance range volatility in the lack of clear news guidance, some long positions reduce positions can be seen that the market still has short expectations for aluminum prices, continue to pay attention to the change of long and short positions and the announcement of related macro news
.
