Shanghai aluminum fell under pressure within the day, and there is still a lack of key upward momentum in the short term

In terms of external trading: Asian Lun aluminum rushed back down, of which 3-month Lun aluminum only rose slightly 0.
12% to 1690 US dollars / ton, fell to the moving average group to run, its upper rebound resistance focus on 1750 US dollars / ton, short-term technical form performance is weaker than Shanghai aluminum, Lun aluminum operating range focus on 1650-1750 US dollars / ton
.

Macro: The Asian dollar index stabilized around 102.
88, near the year's high of 103.
65
.
In addition, China's official manufacturing PMI came in at 51.
4 in December, down from 51.
7 in the previous month but still the second highest level of the year, while the Caixin manufacturing PMI rose to 51.
9 in December, up 1% month-on-month and the highest since January 2013, indicating an acceleration
in manufacturing expansion at the end of the year.
Aluminum industry information, in 2017, the coal and steel industry de-capacity indicators may increase by more than 10%, at the same time, the scope of de-capacity will be extended to cement, glass, electrolytic aluminum and marine industries
.

Market: On January 3, Shanghai aluminum trading concentrated 12770-12780 yuan / ton, and the premium for the month was 90-100 yuan / ton
.
Xinjiang transportation is not smooth, New Year's Day arrival is less than normal weekends, holders stable shipments, due to the opening of aluminum dives, causing market worries, so the spot premium fell sharply, middlemen inquiry positive, wait and see the change in fundamentals, sentiment is more cautious, downstream enterprises consume New Year's Day inventory, the overall mood is more cautious, the overall transaction presents supply and demand wait and see
.

The Shanghai aluminum 1702 contract fell under pressure to 12590 yuan / ton during the day, as short-term Shanghai aluminum still lacked key upward momentum
.
However, at present, the aluminum price has fallen to the key technical support level, before it falls below, the operation needs to be cautious, Shanghai aluminum 1702 contract can be sold high and low between 12500-12650 yuan / ton, stop loss 100 yuan / ton
each.