Base metals were mixed, and Shanghai aluminum volatility weakened

In terms of the market, the spot price of Shanghai aluminum is concentrated in 14090-14110 yuan / ton, the discount of the current month is 10 yuan / ton to flat water, the discount of the next month is 60-50 yuan / ton, the transaction concentration of Wuxi is 14090-14110 yuan / ton, and the transaction concentration of Hangzhou is 14110-14120 yuan / ton
.
Cargo holders maintain a positive shipment status, downstream enterprises are more willing to receive goods at a low level, middlemen establish appropriate inventory, and the overall transaction is more active
.

On the news front, the Asian dollar index weakened and is now trading around 94.
961, as the University of Michigan consumer confidence index fell sharply in early October as it fell short of expectations
.
On the industry front, the United States said on Friday it would allow investors to extend another month to divest its Rusal holdings
.
The U.
S.
government has also given RUSAL and En+ more time to handle their business operations
.

The Shanghai aluminum shock weakened during the day, as the United States will extend the deadline for sanctions against En+ and Rusal to December 12, which led to the weakening of aluminum prices due to the bearish nature of this event
.
On the technical side, the MACD indicator green column expanded, the overall downward trend has not changed, and the short-term can pay attention to the support around 14,000 yuan / ton below
.
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
.