September 11 aluminum market brief commentary

The main force of Shanghai aluminum 1911 opened at 14390 yuan / ton
in the morning.
After the opening, the bears took the initiative to enter the market to suppress, and Shanghai aluminum pierced the low of the 5-day moving average below and touched 14340 yuan / ton
.
The low level was blocked by bulls increasing their positions, and Shanghai aluminum quickly rebounded back above the 5-day moving average
.
After the long-short game intensified, Shanghai aluminum maintained a volatile operation
above the 5-day moving average.
During the period, the Shanghai aluminum high touched 14400 yuan / ton in the afternoon, and closed at 14355 yuan / ton
at the end of the session.

South China South China aluminum ingot quotation 14390-14490 yuan, the average price of 14440 yuan, up 20 yuan, the monthly premium of 40 yuan, the holder is eager to ship, the basis continues to narrow, some traders long single demand procurement, market activity is not high, the overall transaction is flat, the mainstream transaction price is concentrated between 14430-14440 yuan, compared with the average price of South China - 10~0 yuan
.

Nanchu East China aluminum ingot quotation 14390-14430 yuan, the average price of 14410 yuan, up 20; Yangtze River 14400-14440, the average price of 14420 up 30
.
The price discount in the morning market is most, the follow-up transaction is acceptable, the second period of receiving goods turned weak, and the trading activity declined
.
The transaction price is concentrated in 14400 yuan-14420 yuan, which is -10~+10 yuan
higher than the average premium of South Reserve East China.

After Shanghai aluminum got rid of the off-season and was already at a high level, with the determination of more and more electrolytic aluminum enterprises to resume production, the market's confidence in the market after November has decreased, and bears have tried to enter the layout at a high level
.
On the day of the release of no inventory data, the long-short game intensified, and Shanghai aluminum remained high and volatile
.
Shanghai aluminum continues to rush up, still need to be supported
by actual consumption data.