Brief review of the aluminum market on December 10

On Monday, the main contract of Shanghai aluminum 2001 opened at 13870 yuan / ton
in the morning.
The opening short position increased Shanghai aluminum fell to 13835 yuan / ton, the low was stubbornly blocked by the bulls, and the decline was quickly smoothed out
.
After the bears left the market safely, Shanghai aluminum rose slightly, breaking through the 10-day moving average barrier
.
After the release of inventory data, bulls' confidence increased, the long-short game intensified, Shanghai aluminum around the 60-day moving average oscillation, at the end of the session some bears lack of confidence to leave the market, Shanghai aluminum broke through the 5-day moving average high touched 13960 yuan / ton, closed at 13935 yuan / ton
.
Short-term building materials consumption supported by aluminum downstream consumption is acceptable, promoting short-term Shanghai aluminum prices to remain strong and volatile
.

Nanchu Foshan aluminum ingot quotation 14020-14080 yuan, the average price of 14050 yuan, flat, the month rose 30 yuan, long-term order demand is strong, inventory is greatly reduced, circulation is tight, traders' quotations are firm, the premium is stable, and the overall transaction is acceptable
.
The mainstream transaction price is concentrated between 140040-14060 yuan, which is -10~10 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingot quotation 14040-14080 yuan, the average price of 14060 yuan, down 10, to the month premium 40
.
Yangtze River: 14050-14090, average price 14070, flat
.
The holders were active in shipping at a high price, but the receivers were hesitant, the enthusiasm for inquiry was not high, and the overall transaction was
deadlocked.
The spot transaction price is concentrated in 14060-14075 yuan, which is 0~15 yuan higher than the average price of Nanchu Wuxi
.