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On Friday, the main 1708 contract of Shanghai aluminum pullback, but the 13800 line of support is firm, the current aluminum price is around 13900, the resistance above Wansi is large, and the support is at 13500
.
On the last trading day of the month, the holders shipped actively, most companies have entered the settlement state, the transaction has been rare, the speculation is lighter, only the downstream sporadic rigid demand, the overall transaction of the aluminum market is slightly worse
than yesterday.
In terms of the market, the Shanghai aluminum contract fell sharply after the open, and closed stable at 13805 yuan / ton
before noon.
The spot trading price in Guangdong was concentrated at 13770~13790 yuan / ton, and the price difference between Guangdong and Shanghai narrowed to around
120 yuan / ton.
Due to the sharp decline in futures prices, and on the last trading day of this month, middlemen and downstream processing enterprises were liquidated at the end of the month, and few goods were received, so the overall transaction volume of the Guangdong market was light
.
Aluminum fell all the way to 13,780 yuan / ton
before noon that month.
Shanghai transaction concentration 13660-13680 yuan / ton, the monthly discount 130-120 yuan / ton, Wuxi transaction concentration 13660-13680 yuan / ton, Hangzhou transaction concentration 13670-13690 yuan / ton
.
Holders shipped positively, on the last trading day, most enterprises have entered the settlement state, the transaction has been rare, the speculation is lighter, only the downstream sporadic demand, the overall transaction is slightly worse
than yesterday.
Inventories: On Friday, the last period of aluminum stocks was 327105 tons, an increase of 4,302 tons
from the previous trading day.
Inventories remain high
.
As of June 29, LME aluminum stocks were 1414125 tons, down 2,700 tons
from the previous session.
Industry information: Zhili Town successfully completed the pollution rectification of Yangxi aluminum alloy enterprises, completed the pollution rectification action of 41 aluminum alloy enterprises in Yangxi, at present, 30 aluminum alloy enterprises have passed the rectification acceptance, and 11 have not passed the rectification and acceptance of the implementation of shutdown
.
Wang Jinbao, deputy director of the Autonomous Region Development and Reform Commission, Wang Xiulian, deputy mayor of Baotou City and director of the Municipal Development and Reform Commission, Tian Mingsheng, general manager and deputy secretary of the Party Committee of Baotou, and Han Xiaoyi, deputy general manager
, accompanied the supervision.
On the whole, spot and futures inventories are at a high level, and they are in a continuous increase trend, coupled with the profit space of aluminum companies is still large, and the expansion of electrolytic aluminum production is strong, which puts pressure
on aluminum prices.
Technically, the K line has a long lower shadow, and the KDJ indicator J line turns downward, and the main force of Shanghai aluminum is expected to maintain a volatile trend
.
