Base metals are mixed, and aluminum prices have stabilized

In terms of the market, the spot price of Shanghai aluminum was concentrated at 14170-14180 yuan / ton, the discount for the month was 60-50 yuan / ton, the Wuxi transaction concentration was 14170-14180 yuan / ton, and the Hangzhou transaction concentration was 14190-14200 yuan / ton
.
The market circulation source is slightly less than the previous day, especially after the slight rise in the price of aluminum in the late trading period, the market quotations are reduced, and the middlemen with the period of aluminum upward, the inquiry is active, downstream enterprises purchase on demand, but in October the demand of downstream enterprises has begun to weaken
.

On the news, the Asian dollar index retreated and is now trading around 94.
999, as the US retail sales data for September was less than expected, making the short-term upward pressure on the dollar index
.
In terms of industries, China's CPI reached 2.
5% year-on-year in September, a seven-month high, 2.
5% expected, and 2.
3% in the previous month; September PPI was 3.
6% year-on-year, a five-month low, 3.
6% expected, and 4.
1% prior, mainly due to the higher base in the same period last year; The month-on-month increase continued to extend to 0.
6%.

During the day, Shanghai aluminum rebounded, the number of quotations in the spot market decreased, some middlemen with the recovery of aluminum in the future, the inquiry was active, and downstream enterprises purchased on demand, but the demand of downstream enterprises began to weaken
in October.
On the technical side, although the futures price has recovered, it is still below the moving average combination, and the short-term adjustment may continue to be low
.
Operationally, it is recommended that the Shanghai aluminum 1812 contract can consider selling high and low between 14000-14350 yuan / ton, and stop loss 100 yuan / ton
.