Brief review of the aluminum market on August 29

On Wednesday, the main 1910 contract of Shanghai aluminum opened at 13285 yuan / ton
in the morning.
After the opening, the bulls took the initiative to increase their positions, and Shanghai aluminum continuously broke through the 5/10-day moving average barrier, and the long position was mainly increased before the afternoon, and Shanghai aluminum maintained a shock upward
.
The afternoon high led to a short increase in positions, Shanghai aluminum shock fall, the end of the session bulls sharply increased the price of aluminum, Shanghai aluminum high touched 14350 yuan / ton, then some bulls profit out of the Shanghai aluminum price, coupled with the short take the opportunity to block, Shanghai aluminum prices quickly retreated, closing at 14290 yuan / ton
at the end of the session.

South China aluminum ingot quotation 14310-14410 yuan, the average price is 14360 yuan, up 70 yuan, the monthly premium is 55 yuan, aluminum prices rise, downstream procurement weakened, market supply has relaxed, traders are mainly trading, transaction activity is stable, mainstream transaction prices are concentrated between 14360-14380 yuan, compared with the average price of South China is 0~20 yuan
.

Nanchu East China aluminum ingots quoted 14320-14360 yuan, the average price was 14340 yuan, up 60
.
Yangtze River: 14320-14360, 14340 up 60
.
The enthusiasm of cargo holders has increased, the market circulation has increased, the attitude of middlemen to reduce prices is obvious, the overall transaction is general, and the transaction is still mainly between traders
.
The transaction was mainly concentrated between 14340-14350 yuan, which was 0~10 yuan higher than the average price of South China Reserve East China
.