Aluminum stop falling rebound will have the possibility of touching the 10,400 mark

In terms of external trading, Lun aluminum opened at 1727 US dollars / ton
in the morning.
During the Asian session, Lun Aluminum maintained a weak shock below the 5-day moving average, and touched $1723 / ton
at a low level.
As of 15:00, Lun aluminum was quoted at $1724 / ton
.
During the European session, Lun aluminum changed its decline, sought an upward breakthrough, quickly broke through the 5-day moving average, and as of 18:21 Lun aluminum was reported at 1732.
5 US dollars / ton, recording the highest point
of the day.
Among non-ferrous metals, Lun aluminum due to the increase in overseas alumina supply pressure, price decline, bulls confidence is insufficient, even if the US index falls, Lun aluminum has not seen a significant rebound, only follow the Shanghai aluminum rebound below the position gradually rebounded, the upper 10-day moving average pressure is still huge
.
It is expected that next week, with the upper 20-day moving average downward pressure and the 10-day moving average intersecting, Lun aluminum will continue to be under pressure, if the Shanghai aluminum rebound momentum weakens, Lun aluminum or will weaken, maintain a narrow range of oscillation, running between
1700 ~ 1735 US dollars / ton.

In the spot market, aluminum futures maintained range-bound
volatility before noon of the month.
In the morning, the quotation of Shanghai Wuxi market is concentrated between 14010-14030 yuan / ton, the premium of the plate surface is about 70-80 yuan / ton, the morning market supply is tight, the carrier quotation is firm, the middleman receives the goods actively, the two sides of the transaction is acceptable, with the aluminum gradually falling, after 10:30, the actual transaction price of the Shanghai and tin markets began to be concentrated between 13990-14010 yuan / ton, the premium was the same as in the morning, and the price in Hangzhou was between 14030-14050 yuan / ton
。 Due to the hesitation of the high-rise underwater middleman receiving goods, with the fermentation of the market atmosphere, the shipment volume of the cargo holders began to increase, and the state of less receiving and receiving more was eased, and the transaction atmosphere weakened after 11:00
.

Downstream manufacturers mainly take goods on demand, because spot aluminum prices have crossed the 10,000 mark under high rise, and have risen for four consecutive days, downstream performance wait-and-see, although it is close to the weekend, the actual stock volume is not as expected
.
Aluminum sank slightly in the late afternoon, the quotation of the holder was concentrated between 13970-13990 yuan / ton, the premium of the plate was 60-80 yuan / ton, the afternoon market was light, only a small number of transactions between traders, almost nothing
downstream.

On Friday, the main 1912 contract of Shanghai aluminum opened at 13890 yuan / ton
in the morning.
After the opening, the bears took the initiative to enter to suppress the aluminum price, and then the bulls entered, the long-short game intensified, and the Shanghai aluminum maintained a narrow range above the 10-day moving average before noon
.
In the afternoon, the bears put pressure again, Shanghai aluminum low touched 13835 yuan / ton, the low led to the long entry, Shanghai aluminum closed at 13850 yuan / ton at the 10-day moving average, showing a doji, erasing the previous night's gains
.