2. The main contract of Shanghai aluminum futures broke through 22,000 yuan/ton, reaching a new high. Market participants said that the short-term aluminum price broke through the important resistance around 2654,38+0,000 yuan/ton, and then opened up the upside, or moved to around 23,000 yuan/ton, but we should be alert to the expected changes in policies at sensitive time points.
3. Recently, the National Development and Reform Commission adjusted the preferential electricity price policy for electrolytic aluminum industry, and the long-term cost curve of the industry will move up. At the same time, the scope and scale of dual control of energy consumption are expanding, which has an impact on the production capacity of electrolytic aluminum. Under the background of carbon neutrality, the tightening trend of domestic aluminum supply side is still continuing.
In addition, in the face of persistent energy shortage, the market expects that the production capacity of electrolytic aluminum will continue to be compressed. Although the news of the coup in Guinea weakened the push-up of aluminum prices, the continuous fermentation of rumors of new production reduction and the pull-up of off-site funds still made aluminum prices higher. At present, the rumors of production reduction are still in the stage of confirmation, so we need to be alert to the risk of price adjustment caused by expected falsification.
I. Future
1. Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.
2. The delivery date of futures can be one week later, one month later, three months later or even one year later. A contract or agreement to buy or sell futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.
Second, Shanghai aluminum futures
The trading code of Shanghai aluminum futures is AL, the size of the first-hand Shanghai aluminum futures contract is 5 tons, the trading time is 9: 00 am-165438+0: 30 pm13: 30-15: 00, and the night trading time is 21:00.
3. How much does it cost to trade first-hand Shanghai aluminum futures?
Futures margin calculation formula = trading unit × futures price × margin ratio Take Shanghai Aluminum 2 1 10 contract as an example. The latest price of Shanghai Aluminum 2 1 10 contract is 2 1695 yuan/ton, and the margin ratio is 10%. Then the deposit required for trading the first-hand Shanghai aluminum 2 1 10 contract is =2 1695 yuan/ton ×5 tons × 10% = 10847.5 yuan, which means trading the first-hand Shanghai aluminum 21/.
Four, Shanghai aluminum futures account conditions.
Shanghai aluminum futures is a commodity futures listed and traded in the previous period, and there is no threshold for opening an account. When opening a commodity futures account, you can directly trade Shanghai aluminum futures.