December 5 aluminum market morning review

Industry information: It is reported that Alcoa has closed one of the two electrolyzers at its Portland aluminum smelter in Australia due to a power outage
on Thursday.

Domestically, last Friday night, Shanghai aluminum main force opened at 13290 yuan / ton, the beginning of the session active game in the short dominance, the period aluminum down, the low recorded 13210 yuan / ton, then driven by other metals, short closed positions to hedge, bulls continued to increase positions, aluminum prices touched low and rebounded, high touched 13415 yuan / ton, the end of the session short-term long profit exit, aluminum prices fell slightly to close at 13380 yuan / ton
.

Market: On December 2, Shanghai aluminum trading concentrated 13980-13990 yuan / ton, and the premium of the month was 10 yuan / ton to flat water
.
East China inventory increased by more than 10,000 tons, the inventory pressure of cargo holders is large, shipments are positive, in the face of red aluminum plus weekend stock demand, downstream enterprises are willing to receive goods, middlemen for downstream enterprises to actively find sources, the overall transaction is more active
than yesterday.

Last Friday's night market Shanghai aluminum main oscillation rose slightly to 13380 yuan / ton, short-term U.
S.
crude oil futures rose strongly, and the previous period of aluminum inventories continued to decline, or limit the decline
in aluminum prices.
In operation, it is recommended that the Shanghai aluminum 1702 contract can be backed above 13200 yuan to bargain hunt, the entry reference is around 13300 yuan, and the target is 13500 yuan
.