A brief review of the aluminum market on September 12

On Wednesday, the main contract of Shanghai aluminum 1911 opened at 14390 yuan / ton
in the morning.
Shanghai aluminum as a whole maintained a high oscillation above the 5-day moving average, and the center of gravity continued to move
upward.
Shanghai aluminum before the afternoon short position increase trend is relatively weak, the low touched 14380 yuan / ton
.
In the afternoon, the short profit left the bulls at a low and long, Shanghai aluminum gradually strengthened, the high once touched 14425 yuan / ton, and closed at 14415 yuan / ton
at the end of the session.

The quotation of South China aluminum ingots in the South China is 14410-14510 yuan, the average price is 14460 yuan, up 20 yuan, the discount of the month is 5 yuan, the festival is close to the downstream market stocking, the receiving atmosphere has been improved, the circulation of goods has tightened slightly, the overall transaction has improved, the mainstream transaction price is concentrated between 14450-14470 yuan, compared with the average price of South China South China - 10~10 yuan
.

Nanchu East China aluminum ingot quotation 14440-14480 yuan, the average price of 14460 yuan, up 50
.
Yangtze River 14450-14490, the average price is 14470, up 50
.
The cargo holders are actively shipped, the middlemen are not highly motivated to receive goods, the market circulation is abundant, and the overall transaction is average
.
The transaction was mainly concentrated between 14440-14460 yuan, which was -20~0 yuan higher than the average price of South China East China
.

In the traditional consumption season, with the passage of time, the center of gravity of Shanghai aluminum continues to move up, maintaining a strong shock, if the social aluminum ingot inventory declines significantly, Shanghai aluminum may try to hit the 14500 yuan / ton mark
.