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On Friday, the night market outside the market aluminum market fell sharply from the year's high, of which 3-month Lun aluminum fell 1.
07% to 1749 US dollars / ton, showing a slight resistance in base metals, Lun aluminum above the rebound resistance to focus on 1800 US dollars / ton, high pullback pressure appeared
.
Industry information: According to data from the National Development and Reform Commission, from January to October, the electricity consumption of the whole society in the country increased by about 4.
8% year-on-year, and the growth rate rebounded by 4% compared with the same period last year, of which the secondary and tertiary industries and electricity consumption increased by 2.
3% and 11.
6% respectively year-on-year, and the growth rate rose by 3.
3% and 4.
5%
respectively year-on-year.
Market: On November 11, Shanghai aluminum trading concentrated 15290-15300 yuan / ton, the monthly premium was 120-140 yuan / ton, Wuxi transaction concentration was 15280-15300 yuan / ton, Hangzhou transaction concentration was 15360-15370 yuan / ton
。 Spot prices continue to soar, but the last period, and next week ushered in the month change, holders of high cash willingness to actively exchange, circulating sources increased, spot premiums continued to fall sharply, Hangzhou because of extremely low inventory, market circulation supply is still tight, recently active middlemen cautious attitude gradually appeared, downstream enterprises weekend stocking, according to just need to purchase, market activity decreased
compared with yesterday.
Stocks: LME aluminium stocks were 2105350 tonnes as of Nov.
11, down 6,300 tonnes per day, which was close to the low of 2068925 tonnes set on Dec.
18, 2008; In the same period, the previous period of aluminum stocks reported 87,120 tons, a weekly sharp decrease of 10,441 tons, the first decrease in five weeks, but far below the average inventory of 233,000 tons during the year, and close to the year's low of 83,775 tons
.
Last Friday's night market Shanghai aluminum main force rushed back down to 13880 yuan / ton, last week the base metals market long atmosphere is strong, but on Friday have encountered a sustained rapid rise after the pullback pressure, short-term long and short operations need to be cautious
.
In operation, it is recommended that the Shanghai-aluminum 1701 contract can be sold high and low between 14300-13650 yuan, and the stop loss is 150 yuan / ton
each.
