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On Tuesday morning, Shanghai aluminum opened at 14360 yuan / ton, after the opening of the short into the flat, Shanghai aluminum opened the downward mode, the low in the afternoon once touched 14175 yuan / ton, the afternoon short counterattack, Shanghai aluminum repair part of the decline low back to the daily average of 14270 yuan / ton, and then the early entry bulls chose to leave the market, aluminum prices fell slightly again to close at 14225 yuan / ton
.
The volume decreased to 295984 lots, and the open position increased by 3298 lots to 314080 lots
.
Short-term Shanghai aluminum maintained range volatility, although the intraday 5-day moving average showed strong pressure, but the center of gravity of the evening transaction may continue to move
up with the external market.
In terms of external trading, London aluminum opened at 1900.
5 US dollars / ton in the morning, dragged down by the domestic market after the opening, Lun aluminum continued to probe, narrow finishing at 1892 US dollars / ton line in the afternoon, entering the European trading day Lun aluminum amplitude intensified, many attempts to stand on the daily average unsuccessful, and then oscillated below the daily moving average, as of 17:29 Lun aluminum 1890.
5 US dollars / ton, Lun aluminum sideways for several days to continue to seek an effective breakthrough, evening or try to stand on the 5-day moving average
.
In terms of industry, in 2016, domestic primary aluminum was 31.
87 million tons, a year-on-year increase of 1.
3%, alumina output was 60.
91 million tons, aluminum products were 57.
96 million tons, a year-on-year increase of 3.
4% and 9.
7% respectively; Energy-saving and new energy vehicle technology roadmap released, vigorously promote the application of aluminum in automobiles, the goal of aluminum for bicycles is: 190KG in 2020, 350KG in 2030, lightweight transportation tools will still be an important source
of growth in aluminum demand.
In terms of the market, aluminum fell from a high of 14260 to 14130 yuan / ton in the month, Shanghai trading concentrated 13870-13890 yuan / ton, the discount for the month was 260-240 yuan / ton, Wuxi transaction concentration was 13870-13890 yuan / ton, Hangzhou transaction concentration was 13910-13930 yuan / ton
。 Signs of strong in the aluminum stalemate are shown, the willingness of the holders to ship at the high is still positive, and at the same time will control the discount range, the middleman favors the procurement of large discount sources, the downstream enterprises are willing to passively purchase the bearish aluminum price, and the overall transaction shows a good low-price transaction and a high-price deadlock pattern
.
In the late afternoon, aluminum fell back in the month, and the quotation of the holder rose to 13890-13900 yuan / ton, and a small number of transactions were made
.
As the spot market continues to be heavily discounted, the overall demand has not improved, and the weak supply and demand continue to pressure the price of aluminum during the period; From the perspective of aluminum production, the rapid release of production capacity and production in the second half of the year will make a significant increase in supply, and if the expected production reduction cannot be implemented, aluminum prices will face greater pressure
.
On the plate, Shanghai aluminum continued to fluctuate and finish, the main range was 1.
4-14,500, rolling idea operation
.
