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On November 6, Shanghai aluminum 1801 fell under pressure to 16160 yuan / ton, and the current Shanghai aluminum fell below the moving average group, and the performance was much weaker than other base metals
.
Operationally, it is recommended that the Shanghai aluminum 1801 contract can be backed by 16,300 yuan below the sky, and the entry reference is around 16,250 yuan, and the target is 16,000 yuan / ton
.
Spot: It is reported that on November 6, Shanghai spot aluminum trading concentrated 15860-15890 yuan / ton, the discount for the month was 90-80 yuan / ton, Wuxi transaction concentrated 15860-15890 yuan / ton, Hangzhou transaction concentrated 15870-15890 yuan / ton
。 Holders of stable shipments, aluminum prices are not at the low level of recent months, middlemen are relatively positive in bargain hunting, downstream enterprises improve the strength of storage, and from the perspective of trading hours, the transaction concentration is 15860-15870 yuan / ton low, the later rise with the market, aluminum prices raised to 15890 yuan / ton, transaction activity declined, the overall transaction is good
.
Internal market trend: the main contract of Shanghai aluminum 1801 contract fell under pressure, trading at 16335-16040 yuan / ton during the day, and closing at 16160 yuan / ton at the end of the day, down slightly by 0.
43%
on the day.
At present, aluminum prices have fallen below the oscillation range, and the short-term decline risk has increased
.
At the same time, the positive price difference between Shanghai aluminum 1712 and 1801 contracts remained at 100 yuan / ton, maintaining a positive arrangement
of near low and far high.
External market trend: Asian market Lun aluminum oscillation slightly rose, of which 3 months Lun aluminum trading at 2186-2168 yuan / ton, down 0.
14% per day, now trading at 2182 US dollars / ton
.
At present, London aluminum has not yet got rid of the range oscillation trend, showing that long and short trading is cautious, and its performance is slightly resistant to falling and weaker than other non-ferrous metals
.
Analysis of market factors: The Asian dollar index traded around 94.
96 and still fell into high oscillations
.
U.
S.
nonfarm payrolls rose by 261,000 after the October seasonally adjusted, the biggest increase since July 2016, but expected an increase of 313,000 and a better-than-expected
unemployment rate of 4.
1%.
Meanwhile, the final Markit services PMI in October was 55.
3, worse than expected at 55.
9 and initially at 55.
9
.
In terms of aluminum market information, on November 6, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipts), the total inventory of aluminum ingots in seven places was 1.
739 million tons, an increase of 05,000 tons
compared with last Thursday.
