Shanghai aluminum shock bias rises and has a strong internal upward momentum

In terms of external trading, Asian aluminum oscillation stabilized, performance is relatively stagflation, of which 3 months Lun aluminum rose 0.
6% to 1623 US dollars / ton, the current Shanghai aluminum effectively run in the past two weeks of oscillation finishing platform above, showing that the short-term upward breakthrough is still effective, Lun aluminum above the rebound resistance focus on 1650 US dollars / ton
.

Macro: The Asian dollar index extended Friday's decline and slipped further to around 93.
6 as the latest polls showed that the U.
K.
Remain vote was slightly higher than Brexit, reducing market risk aversion, which will be released on Friday
.
In the industry, the NDRC said on Friday that it would guide companies to use their own funds to build non-ferrous metal reserves, aiming to establish a mechanism
to help regulate supply and demand and stabilize prices.

Market: On June 20, Shanghai aluminum trading concentrated 12280-12330 yuan / ton, and the premium for the month was 90-110 yuan / ton
.
The price of the Yangtze River is lower than the expectations of the holders, coupled with the second wave of aluminum in the future, the willingness of the holders to ship has dropped sharply, the price is reluctant to sell, the spot price rises with the market, the middleman is bullish on the spot price, the willingness to replenish the stock rises with the plate, the circulating source in the market is quickly digested by the middleman, the downstream purchases on demand, and the hot transaction is concentrated among
traders.

Overall, the Shanghai-aluminum 1608 contract oscillated to 12,100 yuan / ton, as the dollar index fell further and crude oil futures rose
strongly.
At present, Shanghai aluminum has risen above the moving average group, and the technical form is strong
.
It is recommended that the Shanghai aluminum 1608 contract is backed by 12,000 yuan to bargain hunt, and the target is 12,300 yuan / ton
.