A brief review of the aluminum market on November 1

Shanghai aluminum main 1912 contract opened at 13815 yuan / ton in the morning, the beginning of the short flat long, aluminum prices were pushed up to 13855 yuan / ton intraday high and recorded a small doji, because of the upper pressure of the aluminum price then fell back to the high, fell to 13820 yuan / ton a narrow range of shock, the end of the two touched 13840 yuan / ton, and finally closed at 13810 yuan / ton, up 10 yuan / ton, up 0.
07%, the daily K line closed at the doji, the center of gravity was basically flat from the previous day, and the upper pressure was the 20-day moving average
。

Nanchu South China aluminum ingot quotation 13830-13930 yuan, the average price of 13880 yuan, down 20, to the flat water
of the month.
The supply is stable, the demand is declining, the basis of the spot abundance is weak, and the overall trading is average
.
The mainstream transaction price is concentrated between 13870-13880 yuan, which is -10~0 yuan
higher than the average price of South China Reserve.

Nanchu East China aluminum ingot quotation 13950-13990 yuan, the average price of 13970 yuan, down 30
.
Yangtze River: 13950-13990, 13970 down 30
.
During the secondary trading session, the shipment strength of the holders was weakened, the middlemen received goods actively, the market circulation was reduced, and the overall transaction in East China was acceptable
.
The spot transaction price is concentrated in 13955-13975 yuan, which is -15~-5 yuan higher than the average price of South Reserve East China
.

During the day, the main trend of Shanghai aluminum is stable, the long and short positions change flexibly, the upper pressure level is obvious, and it is expected to continue to maintain the price difference fluctuation operation within 200 yuan / ton, and continue to pay attention to the change
of market transaction atmosphere.