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On Tuesday morning, the main force of Shanghai aluminum opened at 14030 yuan / ton, dragged down by Shanghai zinc, after the opening of the bears actively pressured, Shanghai aluminum opened the downward mode, the low touched 13890 yuan / ton, 5/10 daily moving average support first appeared, low buying increased, the early entry short saw the momentum to end the exit, choose to drop the bag for safety, aluminum price repair part of the decline closed at 13965 yuan / ton, the resistance of the 10,4 mark is initially visible, it is expected that Shanghai aluminum still tries to break through the point, short-term continue to pay attention to the long and short competition for the 10,400 mark
。
In terms of external trading, Lun aluminum opened at 1906 US dollars / ton in the morning, and the Asian session around the daily average of 1904 US dollars / ton did a narrow range, the volatility was only 5 US dollars / ton, in the afternoon, Lun aluminum was under pressure on the daily moving average downward, falling below 1900 US dollars / ton, touching 1897 US dollars / ton, but soon obtained low support, back up and turned green and red, as of 17:30 Lun aluminum touched 1913 US dollars / ton, reported at 1912 US dollars / ton, short-term data surface is light, above the 20/60 daily line agglomeration, forming a strong resistance level, It is expected that the breakthrough of Lun aluminum will face greater pressure
.
In terms of the market, the transaction concentration in Shanghai was 13840-13850 yuan / ton, the discount for the month was 80-70 yuan / ton, the transaction concentration in Wuxi was 13830-13850 yuan / ton, and the transaction concentration in Hangzhou was 13860-13880 yuan / ton
.
News stimulation period aluminum rise is difficult to last, aluminum fell within the day, holders of high shipments are active, middlemen expect a greater discount into the market, downstream enterprises in May orders fall, coupled with bearish spot, choose to wait and wait for the price to fall, the overall transaction shows a high level of wait-and-see
.
In the late afternoon,
aluminum first fell and then rose, and the holders shipped in the process of falling, and the transaction price was concentrated at 13800-13810 yuan / ton.
In terms of news, oil producers supported the extension of the production reduction agreement to the first quarter of next year to boost oil prices, and Shanghai aluminum rose slightly during the day, but the pressure on inventories was large, and the short-term aluminum price rose limited, and the main force above the pressure level
of 14,000.