Brief review of the aluminum market on December 19

On Wednesday, the main contract of Shanghai aluminum 2002 opened at 14045 yuan / ton
.
After the opening, the bears closed their positions and fled, and Shanghai aluminum only rose quickly after touching 14,040 yuan / ton at a low level, and under the strong spot performance, the bulls chased after the victory
.
In the afternoon, Shanghai aluminum continued to rise, touching 14130 yuan / ton
at a high level.
The high was hit by bears, and the Shanghai aluminum shock fell back at the end of the day, closing at 14100 yuan / ton
.

Nanchu Foshan aluminum ingot quotation 14430-14490 yuan, the average price of 14460 yuan, up 110 yuan, up 185 yuan for the month, the base price high pullback, traders shipments have improved, high premium pressure on the enthusiasm of receiving goods, market activity weakened
.
The mainstream transaction price is concentrated between 14450-14490 yuan, which is -10~30 yuan
higher than the average price of Nanchu Foshan.

Nanchu Wuxi aluminum ingot quotation 14430-14470 yuan, the average price of 14450 yuan, up 90, the month premium 170
.
Yangtze River: 14430-14470, 14450 up 100
.
The East China market lacks the participation of large players, the market circulation supply has increased, coupled with the decline in aluminum prices in the future, spot quotations have been continuously reduced, and the transaction has gradually weakened
.
The spot transaction price is concentrated in 14440-14480 yuan, which is -10~30 yuan higher than the average price of Nanchu Wuxi
.

The resumption of production is less than expected and the recent heavy snowfall in the north has led to strong spot stocks, coupled with the technical moving average arrangement gradually moving towards the long arrangement, the bulls have sufficient confidence and continue to raise aluminum prices
.
It is expected that Shanghai aluminum will remain high and volatile, inventory is likely to continue to decline, and Shanghai aluminum will remain strong
.
At the same time, it is also necessary to beware of technical pullbacks
in short-term long profit closing.