Shanghai aluminum continued to oscillate at a low level, showing a surge and a fall within the day

In terms of external trading, Asian Lun aluminum around 2070 US dollars / ton around narrow fluctuations, of which 3 months Lun aluminum trading at 2075-2063 US dollars / ton, now trading around 2070 US dollars / ton, a slight daily decline of 0.
24%, the current Lun aluminum is still running below the recent oscillation finishing platform, short-term decline risk remains, pay attention to the support
of 2030 US dollars / ton below in the evening.

On the macro front, the Asian dollar index rebounded and is now trading around
93.
3.
On Saturday, the U.
S.
Senate passed the largest tax cut in 30 years by 2 votes, mainly including reducing the federal corporate income tax rate from 35% to 20%, and simplifying the personal income tax rate from 7 to 3 brackets.

In terms of information, as of December 1, the aluminum inventory in the previous period reported 702321 tons, a weekly increase of 7,749 tons, which is a 24-week increase (a cumulative increase of 269211 tons), and hit a record high, indicating that the pressure of domestic inventories has risen
significantly.

In terms of the market, on December 4, Shanghai aluminum trading concentrated 14200-14240 yuan / ton, the discount for the month was 180-170 yuan / ton, Wuxi transaction concentrated 14200-14240 yuan / ton, Hangzhou transaction concentrated 14270-14290 yuan / ton
.
Aluminum rose sharply on Friday and fell sharply on Monday, holders shipped actively, middlemen took advantage of the price difference to make a little inventory, downstream enterprises wait-and-see sentiment breeded, and the overall transaction showed a cautious wait-and-see state
.

During the day, Shanghai aluminum 1802 oscillation sorted out to 14645 yuan / ton, still running under the moving average group, the technical form is weak, short-term aluminum market bearish atmosphere is strong, but after continuing to fall, aluminum prices have fallen to around 14600 yuan, short-term need to pay attention to the integer mark support, if there are signs of stabilization, then short orders pay attention to reduce positions and leave the market
.
It is recommended that the Shanghai aluminum 1802 contract can sell high and low in the range of 14550-14850 yuan, and the stop loss is 100 yuan / ton
each.