The center of gravity of Shanghai aluminum slowly moves up, and there is still room above the short-term

In terms of the external market, in the morning, Lun aluminum opened at 1698 US dollars / ton, after the opening driven by the domestic market, Lun aluminum quickly upward broke through the 5-day moving average resistance high touched 1712 US dollars / ton, before the afternoon Shanghai aluminum gave up part of the rise shock downward, the lower 5-day moving average began to show support, in the afternoon Lun aluminum quickly repaired the afternoon decline, the trading center of gravity around 1712 US dollars / ton narrow range, into the European trading session, Lun aluminum accelerated upward, the high touched 1718 US dollars / ton, the upper 20-day line pressure is highlighted, the lower once touched the daily average, As of 18:04, Lun aluminum closed at 1713.
5 US dollars / ton
.

In terms of the market, aluminum futures rushed higher
before noon that month.
Shanghai transaction concentration is 14530-14620 yuan / ton, the premium for the month is 320-360 yuan / ton, Wuxi transaction concentration is 14530-14620 yuan / ton, Hangzhou transaction concentration is 14520-14530 yuan / ton
。 The cold wave hit, affecting the goods, the market is worried about the subsequent arrival volume, coupled with the period of aluminum that month all the way up, the holder with the price of the strong willingness, from the earliest quotation of 14480 yuan / ton to the afternoon closing quotation to 14630 yuan / ton, the market bullish atmosphere breeds, traders have a strong willingness to receive goods, boost the quotation all the way up and there are transactions, downstream enterprises are defenseless, still purchase on demand
.
Hangzhou this week arrival volume is still small, holders mainly complete long order transactions, the market is difficult to find loose orders, only in the morning traded a small amount of low-price high aluminum, Hangzhou price is 30-60 yuan / ton higher than Wuxi, the later period of aluminum pulls up, Hangzhou is difficult to find quotations
.
Overall trading is concentrated among traders, and the activity of traders shows that there is room for spot price increases this week, and heavy snowfall this week will be the main driver of spot price increases
.
In the late afternoon, aluminum continued to rise in the month, with an intraday increase of 595 yuan / ton, East China holders followed the adjustment, the price transaction was as high as 14730-14760 yuan / ton, and the monthly premium of aluminum was 340-370 yuan / ton
.

Due to the snowy weather in the northwest region, road transportation is affected again, and with the gradual increase of snowfall weather, the impact will increase, and rail transportation will continue to be tight, and the market expects that the spot supply in the future market is tight, so the bulls still have reasons to push up aluminum prices, coupled with the black series is subject to greater supervision, the funds are currently obviously biased towards nonferrous metals, and there is still room
above the short-term Shanghai aluminum.