Shanghai aluminum intraday volatility ups and downs will maintain range sorting in the short term

In terms of external trading, in the morning, Lun aluminum opened at 1733.
5 US dollars / ton, at the beginning of the Asian trading session, driven by the high rise of Shanghai aluminum, Lun aluminum upward touch 1741 US dollars / ton, and then Lun aluminum with Shanghai aluminum fell to about 1735 US dollars / ton narrow range shock, at the end of the Asian trading session, Lun aluminum rebounded at a low level, entering the European trading session, Lun aluminum again touched 1741 US dollars / ton after pressure, fell again, as of 17:48, Lun aluminum recorded 1742.
5 US dollars / ton
.
Lun aluminum was blocked at around 1741 US dollars / ton for both times, gradually showing upward pressure, the macro data in the evening was light, and the low level of Lun aluminum fluctuated
in a narrow range.

In terms of industry, data from the Bureau of Statistics showed that the domestic electrolytic aluminum output in November was 2.
8 million tons, a year-on-year increase of 3.
8%, and the total output of electrolytic aluminum from January to November was 28.
98 million tons, a year-on-year decrease of 0.
7%; Bharat Aluminium Ltd.
plans to increase bauxite mineral capacity in India to address the raw material crisis faced by the alumina refinery, and the company plans to increase production from 2 million tons to 5 million tons; Today, more than ten large-scale electrolytic aluminum manufacturers across the country spontaneously held talks in Shandong, hoping to unite aluminum backbone enterprises to curb the continued decline
in aluminum prices.

In terms of the market, aluminum futures fell fiercely before noon that month, down 100 yuan
from the open.
Shanghai transaction concentration is 13300-13330 yuan / ton, the discount for the month is 70-60 yuan / ton, Wuxi transaction concentration is 13270-13290 yuan / ton, Hangzhou transaction concentration is 13330-13350 yuan / ton
.
East China inventory increased by more than 10,000 tons, the rise of aluminum was blocked and fell, Wuxi holders shipment attitude, although Shanghai inventory growth is nearly 10,000 tons larger than Wuxi, but due to the strong financial attributes of Shanghai aluminum ingots, Shanghai holders are weaker than Wuxi, so the spot price is still higher than Wuxi, the middleman is cautious, the spot is abundant, the downstream enterprises only purchase according to just demand, and the overall transaction turns cold
.
In the late afternoon, aluminum first suppressed and then rose, spot performance was weak, Shanghai traded at a low of 13300-13310 yuan / ton, Wuxi traded at 13270-13280 yuan / ton
.

On the plate, the main force of Shanghai aluminum fell under pressure at the 13,500 line, and the upper resistance was obvious, or the continuation of the shock was weak; the deterioration of medium-term supply and demand put pressure on aluminum prices, and the overall grasp of the idea
of selling short at the high.