Brief review of the aluminum market on December 5

On Wednesday, the main 2001 contract of Shanghai aluminum opened at 13975 yuan / ton
in the morning.
After the opening, the bulls took profits and left the market, and Shanghai aluminum quickly leaked, and the low once touched the 5-day moving average of 13905 yuan / ton
.
After the bears took profits, Shanghai aluminum shocks rose, running above the 60-day moving average, the bears continued to leave the market at the end of the session, Shanghai aluminum almost repaired the day's decline, closing at 13970 yuan / ton
.
It is still necessary to pay attention to the sustainability of consumption reflected in the social inventory data, and if the destocking continues and the decline narrows, Shanghai aluminum will still maintain range fluctuations
.

Nanchu Foshan aluminum ingot quotation 14100-14160 yuan, the average price of 14130 yuan, up 20 yuan, 75 yuan for the month, abundant circulation, weak demand trading restrictions, monthly difference widening premium unstable, the market is flat
.
The mainstream transaction price is concentrated between 14110-14120 yuan, which is a premium of -20~-10 yuan compared with the average price of Foshan in the South Reserve

Nanchu Wuxi aluminum ingot quotation 14100-14140 yuan, the average price of 14120 yuan, up 10, the premium for the month 60
.
Yangtze River: 14110-14150, 14130 up 20
.
Holders hold up prices to ship, middlemen do not recognize the price high, and the overall transaction is
deadlocked.
The spot transaction price is concentrated in 14110-14130 yuan, which is -10~10 yuan higher than the average price of Nanchu Wuxi
.