November 9 aluminum market brief commentary

On Friday, the Shanghai aluminum main 1912 contract opened at 13985 yuan / ton in the morning, and the short position at the beginning of the session was reduced by nearly 2,000 lots, and the Shanghai aluminum along the 5-day moving average climbed all the way to the high of 14050 yuan / ton intraday high, and then briefly hovered at the high, slightly declined in the afternoon, and closed at 14030 yuan / ton, up 50 yuan / ton, or 0.
36%, closing at the small white line, the center of gravity jumped above the 40-day moving average, and the 60-day moving average was under pressure above
.

Shanghai aluminum rose slightly during the day, as of the close, the Shanghai aluminum 1912 contract closed up 0.
65% to 14030 at the end of the day, up 90 from the previous trading day, macro recovery, and spot firm support, short-term aluminum price volatility continued strongly, the main force above the 14,200 mark pressure level
.
Shanghai aluminum is near strong and far weak, and close to delivery, next week is expected to slow down
.
Wait and see or buy
on demand.
Next week, spot aluminum is expected to fluctuate little
.

Under the background of the improvement of macro atmosphere and forced positions, bears further closed or moved back, 1911 and 1912 contract positions continued to decrease, and aluminum prices are expected to continue to maintain a short-term strong volatility, continue to pay attention to the change of
long and short positions.