The short-term shock pattern of Shanghai aluminum remains unchanged, and the upper and lower space is limited

In terms of the external market, Lun aluminum opened at 1726.
5 US dollars / ton in the morning, the base metal fell during the Asian session, and it accelerated down in the afternoon, Lun aluminum fell below the 5-day moving average support touched 1716 US dollars / ton, entering the European trading session Lun aluminum shock upward, the trading center of gravity moved above the 5-day moving average, as of 17:46 Lun aluminum 1723 US dollars / ton, the evening data surface is light, pay attention to the domestic Shanghai aluminum trend, it is expected that Lun aluminum is difficult to break through the above moving average adhesion trend
.

In terms of the market, the aluminum period fluctuated before noon that month, and dipped 30 yuan / ton
at the end of the day.
Shanghai trading concentrated 13040-13070 yuan / ton, the premium for the month was 150-170 yuan / ton, Wuxi transaction concentration was 13020-13040 yuan / ton, Hangzhou transaction concentration was 13030-13050 yuan / ton
.
Shanghai holders are selling at a high price, the market circulation is scarce, Wuxi holders are stable shipments, after the aluminum diving in the final period, the holders hold the price, did not adjust the price with the plate, the spot price is tens of thousands, the middleman cautious mood breeds, downstream enterprises are difficult to recognize this high price, the willingness to receive goods is cooling, and the overall transaction shows a tug-of-war
between supply and demand.
In the late afternoon, aluminum fell to the low level of the month, and the holders adjusted prices with the market, the spot price in Shanghai was traded at 13020-13040 yuan / ton, the transaction in Wuxi was concentrated 13000-13020 yuan / ton, and a small number of low-price downstream received goods
.

Although affected by the downward trend of the black series, metal varieties are generally lower, and Shanghai aluminum performance is against the market to resist the decline, indicating that the rebound demand is still there, and the current upper 13,000 yuan puts pressure
on the price.
The spot market has turned higher, and at the same time it is close to the holiday, which stimulates the enthusiasm of cargo holders, but it returns to 13,000 yuan / ton, and downstream orders are reduced, making downstream buyers still more cautious
in receiving goods.