Shanghai aluminum rushed back down and the long and short divergence continued

In foreign countries, Lun aluminum opened at 1657 US dollars / ton, the Asian session long and short around the 5-day moving average to compete, Lun aluminum trend repeatedly, the low recorded 1647 US dollars / ton, the high was hindered at 1660 US dollars
.
Entering the European trading session, crude oil returned to a low level, and the center of gravity of London aluminum trading slowly moved upward, and as of 16:35, Lun aluminum recorded a high of 1658 US dollars / ton
.

In terms of market, Shanghai trading concentrated 13020-13040 yuan / ton, the premium for the month was 40-60 yuan / ton, Wuxi transaction concentrated 13020-13030 yuan / ton, Hangzhou transaction concentrated 13050-13070 yuan / ton
.
In the second period of trading, aluminum prices rebounded and rose, middlemen bullish confidence increased, replenishment willingness was positive, downstream on-demand procurement, and the overall transaction was more active
.
In the late afternoon, the high of aluminum fell back to the month, Shanghai holders held prices, still quoted 13020-13030 yuan / ton, middlemen are difficult to find low-price sources, Shanghai almost no transactions, Wuxi traded a small amount of 12980 yuan / ton of low-price sources
.

From a fundamental point of view, recently affected by heavy rain and flooding, the aluminum ingots sent by the Northwest Aluminum Plant to East China and South China are postponed, and it is expected to be postponed for 4-5 days, aluminum supply remains tight, inventory continues to decrease, short-term aluminum prices play a certain supporting role, overall, aluminum prices continue to see-of-war, or continue to range shocks, patiently wait for the market to become
clearer.