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On Friday, the main force of Shanghai aluminum opened at 12300 yuan / ton, the aluminum price quickly fell at the beginning of the session and quickly rebounded, mostly caused by the active bulls, and then the aluminum market long and short game, aluminum prices around 12290 yuan / ton oscillated, the end of the day bulls again, Shanghai aluminum center of gravity moved up, the high recorded 12400 yuan / ton after falling back to close at 12340 yuan / ton, down 155 yuan / ton
.
In terms of the market, on May 6, Shanghai aluminum trading concentrated 12400-12430 yuan / ton, and the flat water to the premium of the month was 10 yuan / ton
.
Shanghai circulation sources decreased, Wuxi holders actively shipped, futures aluminum fell sharply last night and rebounded today, middlemen are willing to replenish goods at low prices, downstream stocking demand is positive, the overall transaction is more active
than yesterday.
In terms of inventory, aluminum inventories at home and abroad decreased last week, and as of May 6, the previous aluminum inventory was reported at 301439 tons, a weekly decrease of 7,762 tons, the sixth decrease in the past seven weeks, but still close to the level
of February 19 this year.
Overall, the main force of Shanghai aluminum held the 20-day moving average, the performance was stronger than Lun aluminum, because Shanghai aluminum continued to decline after triggering a technical correction, and its reaction to the strengthening of the US dollar was relatively flat, it is expected that the main force of Shanghai aluminum will stabilize in the near future
.
