Brief review of the aluminum market on November 29

On Thursday, the main 2001 contract of Shanghai aluminum opened at 13750 yuan / ton
in the morning.
Before noon, Shanghai aluminum maintained a narrow range, touching 13730 yuan / ton
at a low level.
Later, as the inventory of social aluminum ingots unexpectedly fell by 44,000 tons, the bears left the market safely, and Shanghai aluminum continued to rise, close to breaking through the 5/20/10/40 daily moving average, and touched 13815 yuan / ton at the end of the day, closing at 13810 yuan / ton
.
Positions decreased by 3940 to 202132 lots, and positions in the Shanghai Aluminum Index decreased by 4600 lots to 596618 lots
.
The inventory exceeded expectations and the long-term expectations of electrolytic aluminum fundamentals continued to move back, but at the same time, domestic electrolytic aluminum also lacked significant positive factors, bulls did not dare to catch deep, short-term Shanghai aluminum will still maintain a band movement
.

Nanchu Foshan aluminum ingot quotation 13870-13930 yuan, the average price of 13900 yuan, up 10 yuan, the month rose 25 yuan, the holding of the sale sentiment grows, the demand side into the market to purchase replenishment, its later price rises, supply and demand sides wait and see, market trading turned cold
.
The mainstream transaction price is concentrated in the range of 13890-13930 yuan, which is -10~30 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingot quotation 13940-13980 yuan, the average price of 13960 yuan, up 10, to the month premium 80
.
Yangtze River: 13950-13990, 13970 up 20
.
Holders are actively shipping, the market circulation is abundant, aluminum prices rose in the early afternoon, spot transaction prices rose slightly, and the overall transaction was
acceptable.
The spot transaction price is concentrated in 13950-13960 yuan, which is -10~0 yuan higher than the average price of Nanchu Wuxi
.