Experts predict the trend of aluminum futures in Shanghai on the 25th

The base metals of the London Metal Exchange mostly fell. The copper began to fall during the trading period in the Shanghai Futures Market. During the trading session, the price of copper rose first. The final price closed at 7,460 US dollars, down by 120 US dollars and the trading volume was 47,970. In early trading, aluminum began to rebound, and aluminum rebounded in the late session. The final price closed at $2,690, down $15 and the volume was 104,832.

LME copper stocks rose sharply yesterday. In most regions, copper stocks have increased. The Singapore region has seen a large increase of 7,025 tons. Under the influence of the increase in copper inventories and the decline in copper prices, the spot premium for copper declined, and the newer quotation was 6/16 US dollars, which is basically close to the level of flat water. In the Shanghai market, copper spot performed well and the spot premium was 200 yuan. This shows that in the process of falling prices, copper spot demand will gradually show up, and Shanghai Copper’s copper and copper price will also increase gradually, and it is expected that there will be room for further increase.

Shanghai aluminum spot continues to be in a weak state, the spot price is still at a discount, which has a greater impact on the futures market. Shanghai Aluminum fell sharply late last night, causing a sharp drop in Shanghai Alluminium's aluminum price, and the current price has dropped again to around 7.6, which is the most recent At the poor level, there is limited room for the continued decline in the expected price ratio, and the market outlook will gradually increase.

Technically, LME copper futures fell yesterday and fell below the support of the 7500-integer barrier. The lower shadow on the daily line indicates that the market is buying at a bargain hunting price. Copper is not expected to fall sharply during the period. The recent oscillation is mainly aluminum. The rebound in the bottom of yesterday's rebound, the 10-day moving average played a good supporting role, but the aluminum adjustment space is still very small, and is expected to continue to adjust.

In operation, it is recommended to intervene in Shanghai Aluminum Aluminum's cross-market reverse arbitrage.