Bulls are more confident that Shanghai aluminum maintained a volatile upside

In terms of external disk, Lun aluminum opened at 1952.
5 US dollars / ton
in the morning.
During the Asian session, Lun aluminum fluctuated all the way upward after receiving support at a low of $1950 / ton in early trading, and the Asian market slowly moved in a narrow range of $1955-1960 / ton at the end of the session
.
After entering the European session, as the US index fluctuated downward, Lun Aluminum continued to maintain a strong upward momentum, breaking through 1960 US dollars / ton in one fell swoop, touching 1963 US dollars / ton at a high level, touching the 20-day moving average was blocked from falling, giving up most of the gains, once fell below the daily moving average, stepping back at 1955 US dollars / ton, as of 17:30, Lun Aluminum reported 1958.
5 US dollars / ton
.

In the spot market, the volatility of aluminum in the early stage of the month climbed, the center of gravity was improved, and the later range stabilized
.
The transaction price in Shanghai is concentrated at 13740~13760 yuan / ton, the discount for the month is 40 yuan / ton ~ discount 30 yuan / ton, the transaction price in Wuxi is concentrated in 13740~13760 yuan / ton, and the transaction price in Hangzhou is concentrated between
13760~13780 yuan / ton.
The overall shipment of the holder within the day is more active, the price difference of aluminum back gradually narrows, and the willingness of middlemen to receive goods has converged, because the price fluctuates frequently in recent days, rising and falling, and the downstream has little stock except on-demand procurement, and the feedback is more general
.
The afternoon transaction price was concentrated at 13760~13770 yuan / ton, and the monthly discount was 50~40 yuan / ton, only part of the transaction, of which the downstream performance was calm, mainly for traders to trade
.

The rebound momentum of aluminum prices mainly comes from the impact of online rumors about the off-peak production plan in Liaocheng
.
Fundamentally, the decline in aluminum ingot social inventory continued to decrease
compared with last week.
The center of gravity of Shanghai aluminum has risen compared with yesterday, but due to the actual transaction price of Shanxi alumina has declined, the cost of electrolytic aluminum has declined, consumption has weakened, and there may still be pressure on the upward trend, and it is expected to continue to sit on the 5-day moving average, and the power tends to break through the 10-day moving average, with an operating range of 13750~13850 yuan / ton
.