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Trade Service
Yesterday, the center of gravity of Shanghai aluminum rose slightly throughout the day, and the position rose steadily, the main 1608 contract opened at 12065 yuan / ton, and the afternoon high once touched 12165 yuan / ton, and then gradually climbed after a slight correction, closing at 12145 yuan / ton
during the day.
Lun aluminum opened at 1569.
5 US dollars / ton, the Asian session trading is more active, the price once touched a high of 1582.
5 US dollars / ton, then turned weak finishing, the price fluctuated lower, and finally closed at 1539.
5 US dollars / ton
.
On the macro front, yesterday the ECB maintained the refinancing rate at 0%, the overnight deposit rate at -0.
4%, and the overnight loan rate at 0.
25%, all of which remained unchanged, in line with expectations
.
Domestically, statistics show that the central bank released a total of 399.
37 billion yuan of liquidity through SLF, MLF and PSL in May, based on the RMB deposit balance of 141.
95 trillion yuan at the end of April, the liquidity released by the central bank in that month exceeded the scale
of the RRR reduction by 0.
5 percentage points.
In terms of the market, the spot trading price of Yangtze River on June 2 was 12530-12570 yuan / ton, down 60 yuan / ton; Guangdong South Reserve reported 12500-12600 yuan / ton, down 70 yuan / ton; Hua reported 12640-12660 yuan / ton, down 60 yuan / ton; The average domestic spot transaction price is between
12530-12570 yuan / ton.
On the day, aluminum fell slightly, holders actively shipped for cash, and some middlemen took advantage of the dip to replenish their positions, but the downstream still purchased on demand, and the market transaction was average
.
To sum up, the main contract of Shanghai aluminum was delayed, the market sentiment was slightly pessimistic, and the bears entered
tentatively.
In the short term, aluminum prices may continue to fluctuate in a volatile pattern, and investors are advised to wait and see, and short orders in the early stage can continue to be held
cautiously.
