Brief comment on the aluminum market on June 3

Shanghai aluminum main 1907 contract opened at 14155 yuan / ton in the morning, after touching the highest point of the day at 14165 yuan / ton, some bulls reduced their positions to pull the aluminum price down to a daily low of 14100 yuan / ton, refreshing a new low in nearly a week, because there was still some support below, and then began to float back to 14135 yuan / ton A narrow range of
shocks 。 The intraday trend did not fluctuate much, and in the afternoon, it continued to test around the 14125 yuan / ton line, with a price difference of no more than 20 yuan / ton, and finally closed at the small black line, closing at 14125 yuan / ton, down 25 yuan / ton, down 0.
18%, and the center of gravity fell below
the 5/10/20 daily moving average.

Trade disputes triggered risk aversion, market long and short game, Shanghai aluminum fluctuated slightly today, Shanghai aluminum 1907 contract closed down 0.
18% to 14125, down 25 from the previous trading day; From the trend point of view, the lack of favorable boost, short-term aluminum price shock trend unchanged, but in view of the continuous decline in inventory and other support, it is expected that the overall decline space is not large, the following attention to the 14,000 mark support, the overall fluctuation range of 1.
41-14,400; for the time being, wait and see; it is expected that tomorrow's spot aluminum price fluctuations are not large
.

Today's macro atmosphere is not good, safe-haven gold and silver varieties rose significantly, the colored plate was almost all green, aluminum metal fell less than other metals, pay attention to the impact of the release of relevant macro data in the United States in the evening
.