Brief review of the aluminum market on December 11

On Tuesday, the main 2001 contract of Shanghai aluminum opened at 13980 yuan / ton in the morning, the opening high attracted bears to increase their positions into the market, the market once fell to 13915 yuan / ton, the low part of the short position closed the market, pushing up the plate rebound up to 13985 yuan / ton, and closed at 13965 yuan / ton
before noon.
In the afternoon, after the opening of the market, the market continued to rise, still unilaterally upward under the short exit, as of the close of 13990 yuan / ton
.

Nanchu Foshan aluminum ingot quotation 14070-14130 yuan, the average price of 14100 yuan, up 50 yuan, for the month up 20 yuan, the base price rises, downstream demand is not good, procurement is weak, traders supply and demand are active, trading enthusiasm is acceptable
.
The mainstream transaction price is concentrated between 14080-14100 yuan, which is -20~0 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingot quotation of 14090-14130 yuan, the average price of 14110 yuan, up 50, the premium for the month 30
.
Yangtze River: 14090-14130, 14110 up 40
.
Holders are actively shipped, the market circulation is abundant, traders are less motivated to receive goods, the price is obvious, and the overall transaction is average
.
The spot transaction price is concentrated in 14095-14105 yuan, which is -15~-5 yuan higher than the average price of Nanchu Wuxi
.

On the one hand, the rise in aluminum prices this week was boosted by the recovery of overseas economic data, on the other hand, domestic consumption before the Spring Festival exceeded expectations, aluminum prices maintained strong shocks, but this round of rebound is dominated by short positions reduction, limited upward momentum, aluminum prices maintain a strong shock view, expected to run between 13920 ~ 14100 yuan / ton overnight, pay attention to M2 and new RMB loan data
.