Brief review of the aluminum market on November 6

On Tuesday, the main contract of Shanghai aluminum 1912 opened at 13965 yuan / ton
in the morning.
After the opening of the afternoon, the market was mainly left with long and short profits, and Shanghai aluminum maintained a narrow range of oscillation
.
In the afternoon, bulls entered again to try to push up aluminum prices, Shanghai aluminum high touched 13985 yuan / ton, high met short sniping, Shanghai aluminum tail fell back, low touched 13950 yuan / ton, closed at 13965 yuan / ton, closed at Doji.

With the tightening of supply in overseas spot markets and the favorable macro easing trend, Shanghai aluminum continued its slight upward trend, closing up 0.
4% to 13965, up 55% from the previous trading day; Short-term aluminum prices are still expected to maintain a trend of small fluctuations, but domestic fundamentals have not yet improved significantly, it is expected that the actual increase is limited, the main force of Shanghai aluminum continues to pay attention to the pressure level around 14,000, this threshold is expected to break through, but the continued upside is limited; spot aluminum prices are expected to stabilize
.

It is worth mentioning that the intraday long-short game intensified again, and the bearish power continued to move back, and the main increase contract was the 2002 contract
.
It is expected that the short-term strong spot push up Shanghai aluminum upward momentum is relatively limited, for the main contract Wansi mark competition will become more and more fierce, it is expected that Shanghai aluminum will remain strong volatility, long and short will be fierce competition
around the 104 mark.