September 19 aluminum market brief commentary

On Wednesday, the Shanghai aluminum main 1911 contract opened at 14275 yuan / ton
during the day.
After the opening, the bulls reduced their positions, and the Shanghai aluminum shock went downward, breaking the daily moving average to the downside; In the second trading stage, some bears closed their positions and exited, and the center of gravity of Shanghai aluminum slowly rose to near
the daily moving average.
In the afternoon, the bulls left the market with another wave of reducing their positions, and Shanghai aluminum fell in response, finally closing at 14215 yuan / ton, down 25 yuan / ton, or 0.
18%.

South China South China aluminum ingot quotation 14330-14430 yuan, the average price of 14380 yuan, up 30 yuan, the current month premium 70 yuan, the morning demand side performance is strong, circulation is relatively tight, supply and demand trading is active, late supply and demand weakened, market transaction is few
.
The mainstream transaction price is concentrated in the range of 14380-14390 yuan, which is 0~10 yuan
higher than the average price of South China Reserve.

Nanchu East China aluminum ingot quotation 14320-14360 yuan, the average price of 14340 yuan, up 20
.
Yangtze River: 14320-14360, 14340 up 10
.
The middleman received the goods steadily, the spot transaction price was stable, but the receiver received the goods at a low price, the trading activity between traders weakened before the afternoon, and the overall transaction in East China was slightly
deadlocked.
The spot transaction price is concentrated in 14330-14340 yuan, which is -10~0 yuan higher than the average price of South China East China
.