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[SMM Aluminium Morning News] transaction volume Shanghai Aluminum continues to uplink Lun Aluminum pressure integer gate
Jul 14,2020 08:36CST
translation
Source:SMM
Transaction volume Shanghai Aluminum continues to uplink Lun Aluminum pressure integer gate
The content below was translated by Tencent automatically for reference.

SMM, July 14:

Yesterday, the main 2008 contract of Shanghai Aluminum opened at 14650 yuan / ton in the morning, and quickly shot up after a slight adjustment, with a intraday high of 14860 yuan / ton; in the afternoon, it fluctuated in the range of 14700 won, 14800 yuan / ton, and finally closed at 14730 yuan / ton, the trading volume increased to 214000 hands, the position increased to 149000 hands, and the price center of gravity continued to move up. Shanghai aluminum futures held a total of 422000 lots, and the turnover increased to 435000 lots. The main force of Shanghai Aluminum opened slightly lower at 14675 yuan / ton in night trading, fluctuated narrowly around 14700 yuan / ton most of the time, pulled up slightly before the end of the day and closed at 14730 yuan / ton. There is ample liquidity in the macro market, aluminum ingots are not obviously accumulated, inventory warehouse receipts are relatively low, and the spot side supports aluminum prices. It is expected that the main operating range of Shanghai aluminum today is 14500 Mel 14900 yuan / ton.

Overnight Lun aluminum opened at $1690.5 / ton, fluctuated upward in the Asian session, and gradually climbed, with a temporary intraday breakthrough of $1700 / ton, a high of $1705 / ton, and a slight decline in the European session, followed by a narrow range of fluctuations at $1690 / ton. the US market continued to be under pressure at the top of the integer, the range weak adjustment; At the end of the day, it closed around US $1690.0 / ton, with a trading volume of 17700 lots and a position of 832000 lots. The daily line closed with Shadow Cross Star, and there was pressure at the upper level. The operating range is expected to be US $1,670 per ton today.

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