Shanghai aluminum soared strongly, performing much better than other base metals

In terms of external trading, Yashi Lun aluminum continued to fall under pressure, of which 3-month Lun aluminum traded at 2124-2085 yuan / ton, down 0.
92% from yesterday to 2094 US dollars / ton, back to the level of a week ago, and its performance was significantly resistant to decline compared with other base metals during the day
.
At present, Lun aluminum has oscillated from a high level, showing that the short side is mainly dominated by the short side
.

On the macro front, the Asian dollar index rebound is still weak, now trading around 91.
47, and the dollar index fell for five consecutive days last week, down 1.
63%
for the week.
In addition, China's CPI rose 1.
8% year-on-year in August, the second highest level this year, while PPI growth expanded to 6.
3% year-on-year, and inflation was higher than expected, indicating a slight rise in domestic inflationary pressures, but overall still manageable
.
In terms of aluminum market information, Henan's planned heating season will limit the production of electrolytic aluminum alumina by more than
30%.

In terms of the market, on September 11, Shanghai aluminum trading concentrated 15830-15940 yuan / ton, the discount for the month was 60-50 yuan / ton, Wuxi transaction concentration was 15830-15940 yuan / ton, Hangzhou transaction concentration was 15850-15860 yuan / ton, Hangzhou trading was mainly concentrated in the early stage, the later stage of the holder did not ship, no quotation and transaction
。 In the early stage of the transaction, the holder is actively shipped, the trend of aluminum is not clear, the middleman waits and waits for the future market, the downstream enterprise purchases on demand, the later stage of the transaction, the center of gravity of the aluminum period continues to move up, the market bullish atmosphere reappears, the shipholder's shipment strength weakens, the willingness of middlemen and downstream to receive goods increases, the overall transaction, with the rise of aluminum in the future, the mentality of both supply and demand changes, forming a supply and demand tug and dislocation, and the trading volume is general
.

During the day, the Shanghai aluminum 1711 contract soared strongly to 16530 yuan / ton, continuing to be boosted by the expectation of supply-side reform in the aluminum market, and its performance was much stronger than other base metals
.
The short-term aluminum market has a strong bullish atmosphere, but at the same time, it is also necessary to be vigilant against the continuous increase in the aluminum market, and the operation needs to be cautious
.
It is recommended that the operation idea of Shanghai aluminum change from bias to oscillation, and the 1711 contract can be sold high and low between 16300-16800 yuan / ton, and the stop loss is 150 yuan / ton
each.