January 8 aluminum market brief comment

On Tuesday, the main contract of Shanghai aluminum 2002 opened at 14115 yuan / ton
in the morning.
After the opening, the bears took the initiative to enter, and Shanghai aluminum continued to fall before noon, quickly falling below the 5/20-day moving average low and touching 14035 yuan / ton
.
Subsequently, the low short took profits and closed the position, and the Shanghai aluminum shock rebound repaired part of the decline, closing at the 20-day moving average at the end of the session, closing at 14035 yuan / ton
.

Nanchu Foshan aluminum ingot quotation 14490-14550 yuan, the average price of 14520 yuan, down 120 yuan, the monthly premium of 170 yuan, the spot premium continued to narrow, the holder of the low price of the goods, traders do not just need to wait and see, the market transaction is cold
.
The mainstream transaction price is concentrated between 14440-14520 yuan, which is -80~0 yuan
higher than the average price of Nanchu Foshan.

Nanchu Wuxi aluminum ingot quotation 14430-14470 yuan, the average price of 14450 yuan, down 100, to the month premium 100
.
Yangtze River: 14440-14480, 14460 down 70
.
Downstream consumption is weak, traders purchase on demand, shipments dominate the market, the rising water is adjusted, and the overall transaction is flat
.
The spot transaction price is concentrated in 14410-14440 yuan, which is -40~-10 yuan higher than the average price of Wuxi in the South Reserve
.

In addition, on the one hand, heavy snow in Inner Mongolia and Henan has also had a certain impact on the shipment of aluminum ingots in the north, on the other hand, the willingness to receive goods in the downstream near the Spring Festival has declined, resulting in a slight increase in inventory, but it is difficult to form a large increase, so it is expected that Shanghai aluminum will still maintain a high level of oscillation, you can try short-term operation
.