Brief review of the aluminum market on December 12

On Wednesday, the opening price of the main contract of Shanghai aluminum 2001 was 13990 yuan / ton, a small number of long positions were closed and left the market at the opening, the market was slightly down, the low short position closed and left, the price quickly rushed, the high touched 14055 yuan / ton, stood on the 14000 mark after the bulls left the market, the market fell back, and the closing price was 14000 yuan / ton
.
The short white candle of the day closed with a long upper shadow, and the position decreased by 11,022 lots to 171,000 lots, mainly
short positions were reduced.
Under the background of strong demand performance than expected and slow supply-side release, material inventory may continue to deteriorate, and the price range remains between
13950-14050 yuan / ton.

Nanchu Foshan aluminum ingot quotation 14070-14130 yuan, the average price of 14100 yuan, flat, the month rose 5 yuan, close to the delivery month, the market circulation is tight, traders according to the demand for long orders, the overall transaction is flat
.
The mainstream transaction price is concentrated between 14090-14110 yuan, which is -10~10 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingots quoted 14110-14150 yuan, the average price was 14130 yuan, up 20, and the premium for the month was 30
.
Yangtze River: 14120-14160, 14140 up 30
.
During the secondary trading session, the enthusiasm of the holders to ship increased, but the receivers received the goods at a low price, and the overall transaction was average
.
The spot transaction price is concentrated in 14125-14135 yuan, which is -5~5 yuan higher than the average price of Nanchu Wuxi
.