December 12 aluminum market morning review

Industry: Alcoa expects its aluminum production to increase by 3.
5% in the fiscal year ending March 2017 as the company tries to take advantage of rising domestic consumers and rising aluminum prices
.

Market: On December 9, Shanghai aluminum trading concentrated 13400-13420 yuan / ton, and the discount was 10 yuan / ton to flat water
in the month.
Holders are bullish on the 9-day spot price, control the amount of circulating goods, in the first trading session time, the quotation was once as high as 13440-13450 yuan / ton, the willingness to respond to the goods is positive, the second trading session directly pulled up to 13440 yuan / ton, the middleman believes that the middle price difference is profitable, follow the market to turn out, downstream enterprises are worried that the spot quotation will rise all the way with the market, as soon as possible to reserve weekend aluminum ingots, the overall transaction is more active, the morning performance first rose and then declined
.
It is more difficult for the market to show the phenomenon of large discounts at the beginning of the week, and it is easier to promote the downstream initiative to take goods
.

Last Friday's night market Shanghai aluminum main oscillation rose slightly to 13390 yuan / ton, but due to the limited rebound range, has not broken through the upper moving average suppression, and short-term strong dollar and oil price strength interaction, aluminum price oscillation pattern will continue
.
In operation, it is recommended that the Shanghai aluminum 1702 contract can be sold high and low between 13280-13450 yuan, and the stop loss is 100 yuan / ton
each.