Aluminum prices hover briefly Bears still have strong motivation

In terms of the external market, Lun aluminum opened at 1735.
5 US dollars / ton in the morning, the Asian session maintained a narrow range of fluctuations, the high and low price difference was within 5 US dollars / ton, after entering the European trading session, Lun aluminum began to climb from the low, all the way up to touch the high of 1743.
5 US dollars / ton, refreshing into a one-week high, continuing to have a slight lack of upward momentum, as of 18:00 closed at 1741 US dollars / ton, up 4.
5 US dollars / ton, or 0.
26%.

In terms of the market, aluminum futures maintained range fluctuations
until noon of the month.
The spot price in Wuxi, Shanghai is between 13940-13960 yuan / ton, the opposite plate premium is around 90-100 yuan / ton, the price is nearly 40 yuan / ton lower than the previous day, and the spot price in Hangzhou is between
13940-13960 yuan / ton.
The price fell back within the day, a large household took the lead in receiving more than 10,000 tons, the enthusiasm of the cargo holders was increased compared with the previous day, the middleman received goods at a low price was also more active, the buyer and seller traded actively, and the transaction was better than the previous day
.
Downstream manufacturers because of the price decline, suppressed a few days of demand to be partially released, intraday receipt status is better than the previous day, but compared with a large amount of goods still a certain distance
.
In the late afternoon, aluminum maintained range fluctuations, the holder's quotation was around 13950 yuan / ton, and the premium on the plate was between 90-100 yuan / ton, the market trading atmosphere was light, and there was almost no transaction
.

As the time gradually enters November, it is expected that the follow-up consumption is gradually clear, pay attention to long and short positions and changes in market atmosphere, and are expected to continue to maintain a weak range
.