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On Tuesday, Shanghai aluminum opened at 13990 yuan / ton in the morning, early long and short interaction exit Shanghai aluminum narrow range shock, then bears active pressure, Shanghai aluminum volume downward low touched 13900 yuan / ton, low bulls active protection, capital game Shanghai aluminum around the 10-day moving average 13945 yuan / ton oscillation, afternoon early entry bears gradually left the market, aluminum price trading center of gravity slowly moved up, but the daily average resistance is strong, the end of the session bulls concentrated exit, aluminum prices fell sharply again, closing at 13910 yuan / ton, Pay attention to whether the 13900 yuan / ton line below can be effectively supported
.
In terms of the external market, the morning Lun aluminum opened at 1938 US dollars / ton, the Asian market before the afternoon Lun aluminum fell smoothly, the 40-day line showed strong support, the afternoon aluminum price intended to stand on the daily average line unsuccessful, the end of the Asian market quickly leaked low touched 1922.
5 US dollars / ton, into the European trading session, Lun aluminum steadily recovered, back above the 40-day line, stable shock on the daily moving average, as of 17:01, Lun aluminum reported 1928.
5 US dollars / ton, playing minus aluminum to hold the 40-day line, around the 5-day moving average continued
。
In terms of industry, data released by the International Aluminum Association (IAI) showed that global aluminum production in April was 4.
876 million tons, an increase of 242,000 tons over the same period last year, excluding China, global aluminum production in April was 2.
11 million tons, revised in March was 2.
185 million tons; customs data showed that domestic alumina imports in April were 253,000 tons, an increase of 146% year-on-year; Bauxite was 5.
585 million tons, a year-on-year increase of 27%.
In terms of the market, aluminum dipped to 13,840 yuan / ton at the beginning of the month, and it fluctuated
around 13,890 yuan / ton after a slight repair.
Shanghai transaction concentration is 13760-13780 yuan / ton, the discount for the month is 110-100 yuan / ton, Wuxi transaction concentration is 13760-13790 yuan / ton, Hangzhou transaction concentration is 13770-13790 yuan / ton
。 Early aluminum downward, holders of shipments positive, with the later period of aluminum stabilization, coupled with the downstream enterprises to receive goods willingness to increase, the attitude of holders to raise prices, spot prices rose slightly, traders to downstream to receive goods, downstream enterprises to receive goods positive, this is because the spot price fell below 13800 yuan / ton, reached the downstream to buy the psychological price, downstream enterprises in advance to prepare the Dragon Boat holiday, in addition to the end of the month invoice factor, the overall transaction warmed up compared with yesterday
.
In the late afternoon, the center of gravity of aluminum rose slightly in the month, and then dipped to 13850 yuan / ton at the end of the day, and the transaction volume in East China was concentrated at 13770-13790 yuan / ton
.
From the import sub-data, the import of raw materials including bauxite and alumina continued to grow sharply in April, offsetting the impact of production cuts by alumina enterprises; At the same time, domestic macro market risks continued, and intraday risk assets continued to decline, dragging down aluminum prices
.
From an operational point of view, Shanghai aluminum may continue to adjust slightly, but there is not much space below, focusing on the performance of the 13800 first-line support level
.
