Brief review of the aluminum market on December 3

On Monday, the main force of Shanghai aluminum opened at 13865 yuan / ton
.
After the opening, after the bears fled, the bulls quickly pursued, especially after the announcement of the social aluminum ingot inventory continued to fall by 35,000 tons, the bulls' confidence increased greatly, and they continued to increase their positions to enter, except for the opening low touched 13850 yuan / ton after smoothly rising, broke through the 60-day moving average barrier in the afternoon, touched 13970 yuan / ton at the end of the session, and closed at 13950 yuan / ton
.

Nanchu Foshan aluminum ingot quotation 13990-14050 yuan, the average price of 14020 yuan, up 70, the month rose 45, the sharp reduction of the warehouse stimulated the base price to rise, the market is based on price circulation, traders are actively purchasing, spot premium is higher, and the overall transaction is acceptable
.
The mainstream transaction price is concentrated between 14030-14060 yuan, which is 10~40 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingot quotation 14030-14070 yuan, the average price of 14050 yuan, up 70, the month premium 70
.
Yangtze River: 14030-14070, 14050 up 50
.
The cargo holder sells at a high price, and the receiver enters the inquiry positively, but has a hesitant attitude towards the high-priced supply, and the actual transaction is limited
.
The spot transaction price is concentrated at 14045-14070 yuan, which is -5~20 yuan higher than the average price of Nanchu Wuxi
.

Domestic electrolytic aluminum inventories continued to decline smoothly until December, exceeding previous market expectations, and the previous electrolytic aluminum production capacity continued to be delayed, consumption is still available, inventory may continue to decline, short-term Shanghai aluminum main contract will try to hit the 10,400 mark
.