A brief review of the aluminum market on September 23

On Friday, the main contract of Shanghai aluminum opened at 14190 yuan / ton in the morning, and after the opening of Shanghai aluminum hit the intraday low of 14650, the short profit left the market, and the Shanghai aluminum shock strengthened
during the day.
In the afternoon, Shanghai aluminum broke through the 5-day moving average upward, touched 14240 yuan / ton at a high and closed at 14225 yuan / ton
.
After a week of corrections, bears also took profits and exited the market
.

After nearly half of the downstream demand expectation of "Golden Nine Silver Ten", coupled with the gradual announcement of the resumption of production by electrolytic aluminum companies that had previously suddenly reduced production, the confidence of bulls was insufficient, and the upward impulse of Shanghai aluminum was significantly weakened
.
At the same time, the supply pressure brought by the resumption of long-term electrolytic aluminum production has become relatively strong, and some bears have begun to enter the market
.
It is expected that Shanghai aluminum will maintain range volatility next week, mainly leaving the market, and wait for the landing of the policy after the eleventh national holiday
.

The news was flat, given that aluminum ingot inventories continued to decline, and alumina prices rebounded, Shanghai aluminum performance was slightly stronger, as of the close, Shanghai aluminum main 1911 contract closed up 0.
46% to 14225, up 65 from the previous trading day; From the trend point of view, next week is close to the National Day holiday, the expected buying boom is increased, aluminum prices or volatility is strong, pay attention to 1.
42-14,400 range oscillation; it is expected that next Monday's spot aluminum price is stable and slight, the range is about
50.
Buy
on the dip.