The futures aluminum contract fluctuated at a high level, and the gains were amplified at the end of the day

Today, Lun aluminum fluctuated
at a high level.
The market opened high at $1942.
5, then the price weakened slightly to a low of $1942, after which the price fluctuated in a narrow range, and the price rebounded to $
1952 in the afternoon, led by other varieties.
As of the Asian market closing at $1947, down $7, or -0.
36%.

In the spot market, spot aluminum traded in Shanghai Nonferrous Metals Trading Center (SME) today at 13520-13560 yuan / ton, up 110 yuan / ton from yesterday, while the premium narrowed slightly to c170-c130 yuan / ton
。 Today's Shanghai nonferrous metal trading center SME spot market mainstream trading hours trading time is general, near the end of the month, the willingness of holders to ship is more active, downstream buyers due to the rise in aluminum prices to receive goods willingness to weaken, are mainly on-demand to receive goods, market transactions gradually turned into flat water, even a small discount, the afternoon aluminum price soared, holders to b50 yuan / ton, downstream bargaining on demand to receive, market transactions are general
.

On Tuesday, social stocks fell by 15,000 tons to 1.
144 million tons, and the high level of electrolytic aluminum social stocks slightly boosted market sentiment, in addition to market rumors that the introduction of electrolytic aluminum production capacity elimination policy this week will support
the aluminum market.
At present, the support near the cost line of the aluminum market is very obvious
.
Last night, U.
S.
consumer confidence rose to a 16-year high to drive commodity market optimism to lead investors to buy, non-ferrous metals generally continued to rebound sharply today, but London aluminum rose significantly less relative to other metals, indicating that the previous high of $1957 is under great
pressure.

On the technical side, the main KDJ of Shanghai aluminum turned into a golden cross, MACD dead fork under the zero line and opening, short-term will continue to weak shock, today's rebound but Shanghai aluminum as a whole is still in the falling channel, the upper continue to pay attention to whether the 14,000 yuan integer mark can be broken, the lower support moved down to 13,500 yuan
.
It is expected that the current price spread will narrow on the next date, and the quotation will remain around
13550 yuan / ton.