January 11 aluminum market brief commentary

On Friday, the Shanghai aluminum main 2003 contract opened at 14060 yuan / ton in the morning, after the opening of the short position to put pressure, Shanghai aluminum slightly bottomed, but then the bulls joined, boosting aluminum prices rising, the hourly line touched the Bollinger upper rail, and finally closed at 14110 yuan / ton, up 120 yuan / ton, or 0.
86%.

It is expected that the night trading volatility will run between 14400-14600 yuan / ton, and the price difference may be further widened
.

Foshan aluminum: Nanchu Foshan aluminum ingot quotation of 14490-14550 yuan, the average price of 14520 yuan, up 80, for the flat water of the month, a large number of large households to receive goods to stimulate the market, traders replenish the stock to receive more goods, the source of circulation is tight, the premium tends to be stable, and the transaction activity is average
.
The mainstream transaction price is concentrated between 14470-14520 yuan, which is -50~0 yuan
higher than the average price of Foshan in the South Reserve.

Wuxi aluminum: Nanchu Wuxi aluminum ingots quoted 14520-14560 yuan, the average price was 14540 yuan, up 70, and the premium for the month was 20
.
Yangtze River: 14500-14540, 14520 up 40
.
The monthly difference widened, the enthusiasm of middlemen to receive goods was general, downstream consumption was not good, the willingness of cargo holders to dump goods was strong, and the overall transaction of the market was sluggish
.
The spot transaction price is concentrated in 14480-14500 yuan, which is -60~-40 yuan higher than the average price of Nanchu Wuxi
.