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[SMM Aluminium Morning News] Shanghai Aluminum Breakthrough and New Gao Lun Aluminum shock interval Adjustment
Jul 2,2020 09:32CST
translation
Source:SMM
Shanghai aluminum breaks through and creates a new high. Adjustment of shock range of Lun aluminum.
The content below was translated by Tencent automatically for reference.

SMM, July 2:

Yesterday, the main 2008 contract of Shanghai Aluminum opened at 13885 yuan / ton in the morning, and the shock upward climbed 100 yuan. In the afternoon, it fell first and then broke through and stood firmly in four full digits, reaching a high of 14050 yuan / ton, closing at 14030 yuan / ton at the end of the day, trading volume increased to 101000 hands, position increased to 168000 hands, volume and price increased daily line to close at entity Dayang. The total position in the Shanghai Aluminum Index increased slightly to 101000 lots, while trading volume increased by 15000 lots to 195000 lots. At night, the main force of Shanghai Aluminum rebounded slightly lower, rising slightly, followed by a shock downhill of 14000 yuan / ton, closing at 13975 yuan / ton. Aluminum futures hit a new high, the spot rising water situation remains unchanged, the monthly difference continues to expand in recent months, and the main operating range of Shanghai Aluminum is expected to be 13900Mel 14200 yuan / ton today.

Yesterday, Lun Aluminum Kaiyu 1617.5 US dollars / ton, Asian trading time in 1610 Mel 1622 U.S. dollars / ton range of narrow fluctuations; European trading rose and then fell to 1627 U.S. dollars / ton, and then gradually fell back to 1609 U.S. dollars / ton intraday low; the US market rebounded, back on the front line of 1620 U.S. dollars / ton; closed up at 1623.5 U.S. dollars / ton at the end of the day, trading volume decreased to 13900 hands, position reduced to 818000 hands. Today's operating range is expected to remain at US $1600 / ton.

 

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