November 7 aluminum market afternoon review

Aluminum market summary: the decline in crude oil prices dragged down the sentiment of the commodity market, overnight Lun aluminum fell $5, the market's optimism about the economy gradually faded, pay attention to the progress of Sino-US trade negotiations, Shanghai aluminum consolidation, it is expected that the rise and fall of aluminum is limited
.

Aluminum fluctuated greatly before noon in the month, and the second trading stage rose significantly
.
In the morning, Shanghai and Wuxi two places of holders spot blind report 14130-14140 yuan / ton, the transaction is rare, with the release of market guidance prices, spot quotations began to concentrate between 14090-14110 yuan / ton, and yesterday's price is basically the same, the plate discount 50-20 yuan / ton, after 11:30 aluminum continues to rise, but at this time the market transaction heat falls, the actual transaction has been greatly reduced, Hangzhou area transaction price between 14090-14110 yuan / ton, the transaction is light
。 In addition, due to the proximity to delivery and the market deliverable supply is less, stimulating the current month and the next month spread to widen, as of the suspension of the spread has widened to 285 yuan / ton, deliverable brand aluminum ingot spot transaction price is around 14150-14160 yuan / ton, higher than other brands close to 60 yuan / ton, more tight
.
Today's holders are more willing to ship, but the middleman is still relatively positive, the two sides are active, and the downstream is still calm today, with a strong wait-and-see mood and not many
goods.
The overall transaction in East China today is acceptable
.

After the aluminum opening in the early afternoon, the bears continuously reduced their positions by more than 7,000 lots, and the main price difference of the month widened from around 100 yuan to the noon closing level of 285 yuan / ton
.
Due to the rapid widening of the price difference and the sharp fluctuation of the market, the market transaction price changes greatly
.
The morning net price is not out, and the market is more wait-and-see, and the transaction is mainly 14020-14030 yuan / ton; After 10 o'clock, large households designated to receive only deliverable aluminum ingots in the current month, and the monthly difference of 1911-12 contracts continued to widen, and the market transaction price dropped to 13970-14000 yuan / ton, some holders panic shipments, the mood of receivers was light, and the price difference between Guangdong and Shanghai remained at 100 yuan / ton; There are few downstream pick-ups, mainly wait-and-see
.
On the whole, the spot circulation of aluminum ingots in South China is general, mainly traded by traders, and the local downstream just needs to weaken
.