A brief review of the aluminum market on November 21

On Wednesday, the Shanghai aluminum main 2001 contract opened at 13740 yuan / ton in the morning, in the first trading stage in the afternoon, the performance of Shanghai aluminum first rose and then declined, the first half of the short flat helped Shanghai aluminum rise to 13780 yuan / ton, and then some bulls took profits and left the market, giving up some of the initial gains; In the second trading stage, after a short narrow run of 13,770 yuan / ton, it closed high to 13,785 yuan / ton in the afternoon
.
In the afternoon, the opening trend of Shanghai aluminum was mainly sideways, oscillating around the 5/10-day moving average, and finally closed at 13780 yuan / ton, up 40 yuan / ton, or 0.
29%.

Nanchu Foshan aluminum ingot quotation 13890-13950 yuan, the average price of 13920 yuan, up 30 yuan, for the month up 50 yuan, the market received goods to maintain stability, traders quotations firm, transaction is based on just demand, trading activity is not much different
from yesterday.
The mainstream transaction price is concentrated between 13920-13930 yuan, which is 0~10 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingot quotation 13950-13990 yuan, the average price of 13970 yuan, up 20, the month premium 100
.
Yangtze River: 13940-13980, 13960 up 30
.
The cargo holders are actively shipped, the market circulation is abundant, the enthusiasm of the receiver to receive the goods is improved, and the overall transaction is
acceptable.
The spot transaction price is concentrated in 13960-13980 yuan, which is -10~10 yuan higher than the average price of Nanchu Wuxi
.

During the day, the intraday non-ferrous color closed higher, and the macro sentiment did not change much; On the other hand, the price of alumina on the cost side continues to decline, and the performance of spot demand is acceptable, and it is expected that the main link of Shanghai aluminum will still be dominated by narrow range
shocks.