Nonferrous futures trend divergence, Shanghai aluminum shock slightly rising

In terms of the market, the spot trading price of Yangtze River was 14460-14500 yuan / ton, down 120 yuan / ton; Guangdong South Reserve reported 14470-14570 yuan / ton, down 70 yuan / ton; Hua reported 14590-14610 yuan / ton, down 90 yuan / ton; The average domestic spot trading price is between
14490-14530 yuan / ton.
Aluminum fell sharply during the day, holders shipped actively, middlemen and downstream enterprises received goods, market supply was acceptable, and the overall trading situation was more active
.

Market News:

1.
Alcoa and Rio Tinto announced that the world's first carbon-free aluminum smelting process has been successfully implemented
.
This is a revolutionary production process that solves the problem
of direct greenhouse gas emissions from traditional aluminum smelting processes.

2.
Anhui Province Elimination of Backward Production Capacity Work Office recently issued the "Anhui Province 2018 Backward Production Capacity Withdrawal Work Plan", proposing to focus on coal, steel, cement, electrolytic aluminum, flat glass and other industries, implement differential electricity prices and other measures to eliminate five types of backward production capacity in energy consumption, environmental protection, product quality, safe production
, and technology that cannot meet standards.

The trend of nonferrous futures diverged during the day, Shanghai aluminum fell slightly below the time-sharing average, traders actively moved goods at the bottom, and spot trading picked up
.
The U.
S.
dollar index fell below the annual line and included three consecutive negatives, which may help boost metal prices
in the short term.
Technically, Shanghai aluminum fell below the 20-day line and stepped back to the 10-day support, Lun aluminum intraday shock closed the doji, short-term aluminum price or shock trend, Lun aluminum pay attention to the 5-week line recovery
.