Huang prices dropped slightly, trade goods will rise
LME3 aluminium shocks, opening at $1632, early sideways, briefly touch the lowest price $1629, after the strong, the afternoon pulling up turn red to top $1642, under pressure after the fall, then rebounded, in end closed at $1638, up $6. Shanghai aluminum main 1609 contract after suppression Yang first, overnight open to 12340 yuan, after opening a small boost to the highest price of 12350 yuan, night multiple resistance, long-term average to form a strong breakthrough touch under the lowest price is 12180 yuan, after bottoming out, return to 12300 above, closed at 12315 yuan. Holdings by 6814 to 132704 hand, volume of 71234. Spot market overview:
today Shanghai metal extraction solution trading center spot aluminum quotation in 12540 - in the morning 12580 yuan/ton, compared with the previous trading day down 70 yuan/tons, in b110 - liter discount B150, premium range narrowed but still remain high. Shanghai metal trading center spot extraction solution aluminum index in 12557. 45 points, down 70 points on the previous trading day. Overall improvements in clinch a deal the previous day today, the shipper of positive shipment, early quotation in average price + 20 yuan/tons, as a shipper of shipments will rise, prices fell, on average - quotation About 10 yuan/ton, traders replenishment will recovered at a lower price, the downstream demand purchase, maintain a cautious attitude.
【 Center point 】
the July ISM manufacturing index 52. 6, less than expected, Australia cut its benchmark interest rate to the lowest at the same time, the global economic downturn continues, market confidence in the economy fall, deutsche bank said the U. S. economy or in a long-term stagnation, moreover the price of crude oil after night fell below $40 a modest recovery, but continue to remain low, metal extraction solution under pressure. Aluminium supplies remain tight in the short term, inventories continue to shrink, a new low since November 2011, spot maintain premium aluminum, support for aluminum prices still have certain effect, but the downstream demand, rising prices. Ongoing technical level, the main contract in month, long-short trading maintain a cautious attitude, main Shanghai aluminum MACD Yin line narrowing, but under pressure in the rail in the forest, momentum is insufficient, Aaron aluminum KDJ long arranged, but the track in the forest and 20 daily average lines together form the strong resistance, expected short-term price range.