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On Tuesday morning, Shanghai aluminum opened at 13790 yuan / ton, after the opening of the bears pressure, aluminum prices down to touch 13700 yuan / ton, low short to understand the exit, market rumors will disclose the current unapproved first part of the production capacity, aluminum prices were boosted, bulls took advantage of the trend to enter, Shanghai aluminum touched 13880 yuan / ton and closed at the point, the volume increased to 287178 lots, the position increased by 2154 lots to 308716 lots
.
The recent trend of Shanghai aluminum is still in the expected shock range, it is expected that the news or continue to ferment, Shanghai aluminum has a high probability of opening, but the resistance of the 10,400 mark can not be ignored, pay attention to the long and short competition
for the point.
In terms of external trading, Lun aluminum opened at 1915 US dollars / ton in the morning, and during the Asian market Lun aluminum followed Shanghai aluminum to test the low and rebounded, the low touched 1909 US dollars / ton, entering the European trading session, domestic rumors fermented in overseas markets, and the US dollar fell to near the 100 point mark, bulls gained confidence to actively enter, Lun aluminum volume rose rapidly, the high touched 1927 US dollars / ton, as of 17:28, Lun aluminum reported 1925.
5 US dollars / ton, it is expected that Lun aluminum high volatility, pay attention to the domestic Shanghai aluminum trend
.
In terms of the market, aluminum continued to decline before noon of the month to test the low of 13620 yuan / ton, the end of the repair of part of the decline, Shanghai transaction concentration of 13490-13500 yuan / ton, the month discount of 150-140 yuan / ton, Wuxi transaction concentration of 13490-13500 yuan / ton, Hangzhou transaction concentration of 13510-13520 yuan / ton
。 When the holder stabilized the shipment, when the aluminum fell to the bottom of 13,620 yuan / ton in the month, the holder showed a willingness to hold the price, the middleman was difficult to find a suitable source of goods at a low price, and the downstream enterprises purchased stably on demand, and the overall transaction was relatively stable, and the supply and demand ends showed a tug
of war around 13,500 yuan / ton.
In the late afternoon, aluminum rose due to rumors of illegal production capacity that month, traders actively looked for low-priced sources, and holders took advantage of the trend to raise prices, selling at a high price, and the transaction price was concentrated at 13560-13580 yuan / ton
.
In terms of industry, due to the sharp rise in coal prices in the past six months, the electricity fee of Guizhou electrolytic aluminum plant will be increased by 7-8 points per degree in early April, and it is estimated that the electricity price increase of 7-8 points will increase the cost of Guizhou aluminum enterprises by 900-1200 yuan / ton, and the total production capacity of electrolytic aluminum in Guizhou is about 1 million tons; Four aluminum companies, including Luoyang Wanji Aluminum, successfully declared that they were eligible to export aluminum foil directly to the EU and would be exempted from 30% anti-dumping duties
.
Aluminum prices continued to fall slightly during the day, and the short-term trend was weak, and the price may continue to fluctuate
in range.
Some analysts believe that the current aluminum market production and inventory upward pressure is still large, but as long as the aluminum price falls close to the industrial cost line, the support below should come out
.
Therefore, the short-term aluminum price rise is limited, and the decline is also limited
.
