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On Friday, Shanghai aluminum opened at 13925 yuan / ton
in the morning.
Shanghai aluminum is basically based on profit bears leaving the market to hedge, the opening low touched 13920 yuan / ton after Shanghai aluminum shock upward, intraday high touched 13990 yuan / ton, the early bulls took the opportunity to escape, Shanghai aluminum repair part of the previous day's decline, closed at 13975 yuan / ton
.
Positions decreased by 15,902 lots to 200048 lots, and Shanghai aluminum index positions fell 12,380 lots to 692202 lots
.
The bulls gradually left the market in the early pre-holiday period, while the decline in inventory was still possible and the risk aversion before the holiday increased, and the bears did not pursue and took profits to take advantage of the exit
.
It is expected that funds will still be mainly out of the market, or short-term positions may be involved, and Shanghai aluminum will maintain a narrow range of
volatility.
Nanchu South China aluminum ingot quotation 13980-14080 yuan, the average price of 14030 yuan, down 200 yuan, the monthly premium of 35 yuan, early traders to maintain dumping cash, the transaction is difficult to see improvement, the price difference between the two places in the secondary transaction is flat, the circulation is rapidly tightened, the downstream entry received slightly improved, and the transaction was weak
all day.
The mainstream transaction price is concentrated between 14000-14040 yuan, which is a premium of -30~10 yuan
compared with the average price of South China Reserve.
The price of Nanchu East China aluminum ingots was 14010-14050 yuan, and the average price was 14030 yuan, down 170
.
Yangtze River: 14010-14050, 14030 down 160
.
The trading between traders is light, the receiver enters the inquiry positively, but the price recognition is not high, the actual transaction is flat, the spot transaction price is concentrated in 14020-14040 yuan, which is -10~10 yuan higher than the average price of South China East China
.