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Lun aluminum rose unilateral Rally strong

2018/5/31 0:47:49

Continued to rally overnight, the rally continued to rally, the March contract ended up 1.84%, closing price of $2471.75 / ton. Macroeconomic yesterday, the United States announced a series of economic data, overall good. Auto Data Processing Inc (ADP) announced that the August ADP private sector employment growth of 91000. According to Bloomberg survey, economists on average expected for the chain increased by 110000, while the July ADP employment increased by 114000. The data show that the U.S. private sector employment is still weak. U.S. Supply Management Association (ISM) Chicago branch announced that in August the purchasing managers index (PMI) fell to 58.8%, lower than the 56.5% in July, but higher than the average market expectations. According to Tang Sen Reuters survey, economists on average expected in August Chicago PMI will fall to 53%. In addition, the U.S. Commerce Department announced that the July factory orders increased by 2.4%. According to Bloomberg survey, economists on average expected for the chain increased by 2%, while the June factory orders fell 0.8%. The publication of a series of data makes the stock market rose overnight. However, the debt crisis in Greece out of the news led to U.S. stocks fell late. The Greek Parliament said that despite the EU leaders have been in a month before the cut official lending rates in order to reduce Greece's debt burden, but its economic recession continues to deteriorate, has threatened to repay its debt capacity. After the announcement of the news, U.S. stocks rose significantly narrowed. The Greek parliament under the government's budget office issued a statement that said "the debt burden rose sharply, basic deficit levels in enterprises and has in today, the first 7 months had significantly exceeded the annual deficit targets, economic recession continues to deteriorate, the government's ability to repay debt has reached the limit, has been out of control." Technical analysis Al1111 overcast line hammer, but price focus of uplift, and K-line has station on 5th, 20 day moving average and the average of 60 days, diff DEA and formation of Jin Cha, upward trend is more obvious. Operation suggested that the two day after the cage to break the cage rose, showing a rebound will. However the domestic aluminum market now trapped in silence, today's Shanghai aluminum material will be Gaokaidizou, however focus price is still expected to rise, it is recommended to continue to hold more than one.