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Trade Service
On Thursday, the 1806 contract, the main contract of Shanghai aluminum, bottomed out slightly, operating in the range of 14585-14475 yuan / ton, and closed at 14565 yuan / ton at the end of the day, up 0.
94% from the closing price of the previous trading day, outperforming other base metals
.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1806 contract and 1807 contract was flat to 80 yuan / ton
.
As of 16:00 Beijing time, the 3-month LME aluminum was reported at $2335 / ton, up 0.
65% daily, and the current Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long-short trading, and the short-term operating range of Lun aluminum focuses on 2250-2380 US dollars / ton
.
In terms of the market, on May 3, Shanghai aluminum trading concentrated 14400-14410 yuan / ton, the discount for the month was 50-40 yuan / ton, Wuxi transaction concentration was 14400-14410 yuan / ton, Hangzhou transaction concentration was 14420-14440 yuan / ton
.
Although the upward trend of cargo holders gradually weakened, the willingness of middlemen to receive goods was positive, downstream demand was general, and the overall transaction volume picked up from the previous day, mainly from the contribution of
traders.
Industry information, the US sanctions against Rusal have made the Noble Group a lot
of benefits.
The Noble Group is one of
the main beneficiaries of soaring alumina prices.
Alumina, the raw material used to make finished aluminium, has been in great supply since the sanctions were imposed, and large companies such as Rio Tinto have turned to Liberty House for raw material supplies, and these project restructurings may restore Noble's previously sound financial position
to some extent.
In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 863361 tons, down 9,044 tons
from the previous trading day.
As of May 2, LME aluminum ingot stocks were 1323425 tons, down 2,500 tons
from the previous session.
During the day, Shanghai aluminum 1806 oscillation rebounded to 14565 yuan / ton, its performance was stronger than Lun aluminum, and continued to pay attention to the guidance of external disks and other base metals in the short term
.
Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed above 14400 yuan to bargain price, enter the market reference around 14500 yuan, and target attention to 14650 yuan / ton
.
