Market news is positive Aluminum prices still have momentum to rise in the short term

In the external market, the LME aluminum March contract price after the opening of a slight shock rebound, rushed up to $1920 and then fell back to around $1917.
5, pulled up again before closing, and finally rushed up to $1925, and the Asian market closed at $1923, up $10.
5, or 0.
55%.

In terms of the market, the mainstream trading hours of the spot market trading time is general, the price of spot aluminum rose sharply within the day, the willingness of holders to ship at a high level is positive, the market quotation is extremely chaotic, after the close delivery time, the aluminum price pullback makes the market quotation to the average price of the Yangtze River show a large discount state, traders and downstream have waited and watched few purchases, users and traders indirect goods are relatively limited
.

In terms of news, the Ministry of Industry and Information Technology held a press conference, talking about the current electrolytic aluminum industry to resolve excess products to make positive progress, the market is encouraged, the main force of Shanghai aluminum successfully broke through the previous resistance of 14,500 yuan, and the bulls increased their positions sharply, but the current domestic primary aluminum market oversupply situation continues, the fundamental pressure can not be ignored
.

On the technical side, the main force of Shanghai aluminum KDJ, MACD double golden cross, the price broke through the dense shock area of 14500 yuan, short-term aluminum prices still have momentum to rush, quotations may remain above
14350 yuan / ton.