Brief review of the aluminum market on October 19

The main 1912 contract of Shanghai aluminum opened at 13890 yuan / ton
in the morning.
After the opening, the bears took the initiative to enter to suppress the aluminum price, and then the bulls entered, the long-short game intensified, and the Shanghai aluminum maintained a narrow range above the 10-day moving average before noon
.
In the afternoon, the bears put pressure again, Shanghai aluminum low touched 13835 yuan / ton, the low led to the long entry, Shanghai aluminum closed at 13850 yuan / ton at the 10-day moving average, showing a doji, erasing the previous night's gains
.

On Friday, the spot trading price of Yangtze River was 13940-13980 yuan / ton, up 80 yuan / ton; Guangdong South Reserve reported 13870-13970 yuan / ton, up 70 yuan / ton; Hua reported 14050-14070 yuan / ton, up 80 yuan / ton; The average domestic spot trading price is between
13940-13980 yuan / ton.
Intraday aluminum rose slightly, and the holders did not ship much, but the middlemen received the goods actively, and the market transaction was better
.

This week, Shanghai aluminum stopped falling and rebounded, Shanghai aluminum returned to a relatively high level after the long-short game significantly intensified, the current domestic electrolytic aluminum fundamentals are still facing the current stage of stable consumption and the future electrolytic aluminum supply pressure increased, cost downward contradiction is still prominent, which makes Shanghai aluminum continue to weaken upward momentum
.
It is still necessary to pay attention to whether the social aluminum ingot inventory can continue to decline next week, if the reduction continues, Shanghai aluminum will have the possibility of touching the 10,400 mark, and it is expected that the operating range of Shanghai aluminum next week is 13750~14050 yuan / ton
.