On March 27th, the Shanghai aluminum futures contract opened slightly lower, oscillated and finished lower. Analysts in the industry believe that aluminum broadly oscillated and absorbed at low prices.
On March 27th, Monday, the Shanghai Futures Exchange (SHFE) aluminum main 606 contract opened at 20450 yuan, shock finishing, with a closing price of 20410 yuan, down 90 yuan; spot 604 contract closed at 20110 yuan, down 60 yuan.
Shanghai Jinpeng analyst Cao Zhiyi believes that the period of aluminum wide oscillation, holding a holding bargain.
On the 24th, LME March copper broke the box shock and reached new highs. The three-month aluminum comprehensive transaction closed at US$2,537. On August 27th, Shanghai Aluminum had a strong consolidation above the moving average. From the technical point of view, since the average system has not yet formed a complete long position, the price is waiting for a short-term moving average. It is estimated that the post-market price will oscillate on the 60th line and the operation will be held on bargain-hunting. Another need to pay attention to the external disk metal trading.
Nandu futures analyst Zeng Chao believes that the aluminum trading period is light and still lacks consumer buying.
The domestic market was lightly trading and still lacking consumer buying. In February, China imported 53,500 tons of refined copper, a year-on-year decrease of 51%, which was even lower than the 70,700 tons imported in January to 17,200 tons, indicating that consumer demand is still not strong. The domestic primary aluminum export remained at the level of 60,000 tons in January and February, while the export of aluminum products fell from 69,100 tons in January to 55,700 tons, a decrease of 13,400 tons. The sharp adjustment in aluminum prices in February had a significant impact on domestic aluminum consumption. enhancement.
Alumina imports fell sharply, with imports of 781,200 tons in January and imports of only 379,300 tons in February. This is clearly related to the high price of imported alumina, which is related to the decline in aluminum prices. The decrease in alumina imports is for the Shanghai aluminum market. There is support.
On March 27th, Monday, the Shanghai Futures Exchange (SHFE) aluminum main 606 contract opened at 20450 yuan, shock finishing, with a closing price of 20410 yuan, down 90 yuan; spot 604 contract closed at 20110 yuan, down 60 yuan.
Shanghai Jinpeng analyst Cao Zhiyi believes that the period of aluminum wide oscillation, holding a holding bargain.
On the 24th, LME March copper broke the box shock and reached new highs. The three-month aluminum comprehensive transaction closed at US$2,537. On August 27th, Shanghai Aluminum had a strong consolidation above the moving average. From the technical point of view, since the average system has not yet formed a complete long position, the price is waiting for a short-term moving average. It is estimated that the post-market price will oscillate on the 60th line and the operation will be held on bargain-hunting. Another need to pay attention to the external disk metal trading.
Nandu futures analyst Zeng Chao believes that the aluminum trading period is light and still lacks consumer buying.
The domestic market was lightly trading and still lacking consumer buying. In February, China imported 53,500 tons of refined copper, a year-on-year decrease of 51%, which was even lower than the 70,700 tons imported in January to 17,200 tons, indicating that consumer demand is still not strong. The domestic primary aluminum export remained at the level of 60,000 tons in January and February, while the export of aluminum products fell from 69,100 tons in January to 55,700 tons, a decrease of 13,400 tons. The sharp adjustment in aluminum prices in February had a significant impact on domestic aluminum consumption. enhancement.
Alumina imports fell sharply, with imports of 781,200 tons in January and imports of only 379,300 tons in February. This is clearly related to the high price of imported alumina, which is related to the decline in aluminum prices. The decrease in alumina imports is for the Shanghai aluminum market. There is support.