May 8 aluminum market morning review

Thursday's Shanghai aluminum main 2007 contract opened at 12550 yuan / ton in the morning, the beginning of the session more into the short flat aluminum price briefly tested the high of 12620 yuan / ton intraday high, continued to upward resistance is greater, and then the high all the way down down, afternoon low 12410 yuan / ton, the end of the 5-minute K line impact to probe 12500 yuan / ton, closed at the small black line, basically gave up most of the previous day's gains, closed at 12460 yuan / ton, down 125 yuan / ton, down 0.
99%.

The intraday market trading atmosphere is relatively flat, given that there is a certain short-term expectation on the long-term consumer side, the main trend is not strong, and the upside is expected to be limited
.

In the morning, the overall transaction of the spot market fell, the holders were slightly reluctant to sell, the willingness of middlemen to receive goods was not reduced, and the downstream purchased
on demand.
The mainstream trading price in Shanghai is around 12980 yuan / ton, which is about 90 higher than the futures
.
The mainstream transaction price in Guangdong is around 13100 yuan / ton
.
At present, domestic consumption maintains a phased boom, inventories continue to deteriorate, which has some support for prices, and April export data, although sharply down, is better than expected
.
However, concerns about insufficient consumer stamina and continued shrinking exports remain, coupled with the resumption of new production capacity, are not good
for prices in the later period.
Short-term aluminum prices may fluctuate
within a limited range.

Recently, benefiting from the domestic beyond the expected destocking to promote spot strengthening, Shanghai aluminum continues to strengthen, but the cost down, and close to delivery, Shanghai aluminum near strength far weak trend is obvious, or the aluminum price growth slowed down, Shanghai aluminum main 2006 contract continue to pay attention to 1.
25-1.
27 range shock, operational advice to wait and see, it is expected that tomorrow's spot aluminum shock slightly fall
.