Brief comment on the aluminum market on December 26

On Wednesday, the main 2002 contract of Shanghai aluminum opened at 14250 yuan / ton
in the morning.
In the first trading session before noon, bulls poured in to try to pull up aluminum prices again, and Shanghai aluminum touched 14285 yuan / ton
at a high level.
The high attracted the bears to enter the market to suppress, and the long-short game intensified in the afternoon, and Shanghai aluminum repeatedly touched the 5-day moving average of the low level of 14215 yuan / ton, closing at 14235 yuan / ton
.
Positions decreased by 1318 lots to 257204 lots, and Shanghai aluminum index positions increased by 12804 lots to 688574 lots
.

Nanchu Foshan aluminum ingot quotation 14690-14750 yuan, the average price of 14720 yuan, up 210, the premium of the month 290 yuan, the base price soared, the market shortage circulation fragmented, traders quotations chaotic, spot trading prices firm, premium continued to rise
.
The mainstream transaction price is concentrated between 14740-14800 yuan, which is 20~80 yuan
higher than the average price of Nanchu Foshan.

Nanchu Wuxi aluminum ingot quotation of 14560-14600 yuan, the average price of 14580 yuan, up 90, to the month premium 150
.
Yangtze River: 14570-14610, 14590 up 120
.
The absolute price and high circulation remained tight, the quotations of holders were firm, the demand was still strong, and the trading between the two sides was slightly deadlocked
.
The spot transaction price is concentrated in 14570-14600 yuan, which is -10~20 yuan higher than the average price of Nanchu Wuxi
.

In the absence of external disk, domestic electrolytic aluminum spot remained strong, Shanghai aluminum maintained high volatility, and the overall long-short game intensified
.
Pay attention to the social aluminum ingot inventory, whether the inventory decline has narrowed, so that the long profit closed position
.