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[SMM Aluminium Morning News] overnight Shanghai Aluminum Breakthrough soaring Lun Aluminum Dayang to explore the front high
Jul 13,2020 08:59CST
translation
Source:SMM
Overnight Shanghai Aluminum Breakthrough the soaring rise of Lun Aluminum Dayang to explore the front high again.
The content below was translated by Tencent automatically for reference.

SMM, July 13:

Last Friday, the main 2008 contract of Shanghai Aluminum opened at 14240 yuan / ton in the morning, and then increased the position by more than 100 yuan. In the afternoon, it stabilized and fluctuated in a narrow range around 14400 yuan / ton, finally closing at 14375 yuan / ton, the trading volume increased to 137000 hands, the position increased to 165000 hands, and the daily line three Lianyang, constantly setting new highs. Shanghai aluminum futures held a total of 428000 lots, and the trading volume increased to 259000 lots. The main force of Shanghai Aluminum opened at 14390 yuan / ton in night trading. After opening, it quickly rose 100 yuan, pulled up to 14530 won 14600 yuan / ton range to make a slight adjustment, and then pulled up again before the end of the day and closed at 14650 yuan / ton. Good macro atmosphere, increased market risk appetite, tight spot support for near-month aluminum in East China, focus on today's national aluminum ingot inventory, the main operating range of Shanghai aluminum is expected to be 14400 Mel 14800 yuan / ton.

Overnight Lun aluminum opened at $1649.5 / ton, falling first and then rising in the Asian session, with an operating range of $1650, $1665 / tonne. European trading resumed its upward trend, with prices rising to $1670 / tonne. At the beginning of the US session, it rose nearly $20 and reached an intraday high of $1692 / tonne. In late trading, it closed around $1689.0 / tonne, with a trading volume of 13500 hands and a position of 825000 hands, and the daily line closed at Dayang. It is estimated that today's operating range is 1670MUR 1710 yuan / ton.

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