Brief review of the aluminum market on October 30

On Tuesday, the Shanghai aluminum main 1912 contract opened at 13790 yuan / ton in the morning, briefly tested the high of 13805 yuan / ton at the beginning of the session, and then opened high and low to record a long black line, because of the short into the flat, the aluminum price leaked to 13740 yuan / ton, and then began to rise from the low, along the 5-day moving average began to oscillate to climb to around 13780 yuan / ton, at this time blocked by the 60-day moving average, aluminum prices briefly hovered, the bears at the end of the day have reduced their positions, closed more than 3,000 hands in fifteen minutes, aluminum prices broke through to 13795 yuan / ton at the end of the session , the final close was 13785 yuan / ton
.

Shanghai spot aluminum ingot quotation 13930-13970 yuan / ton, the average price of 13950 yuan / ton, down 40 yuan / ton from the previous trading day, for the 1911 contract premium 90 yuan / ton - premium 130 yuan / ton
.
Shanghai aluminum intraday weak shock, the first trading session of the holder with the quotation willingness is limited, the November contract overall in the rise of 90 ~ liter 110 yuan / ton are have, large households receiving enthusiasm is still high, driving the market transaction, the average spot price of aluminum ingots fell slightly from the previous day, middlemen actively receive goods, downstream on-demand procurement, the overall market transaction is general
.

As the time gradually enters November, it is expected that the follow-up consumption is gradually clear, pay attention to long and short positions and changes in market atmosphere, and are expected to continue to maintain a weak range
.