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On Monday, the Shanghai aluminum main 1811 contract gap opened at 14370 yuan / ton, the beginning of the session oscillated upward test 14420 yuan / ton, and then some bears entered the price to 14320 yuan / ton, due to the limited space below, Shanghai aluminum along the 5-day moving average began to rise, climbing 14390 yuan / ton slightly stopped, and then continued to rise in the context of market expectations, and finally closed at the end of the day at the highest price of 14450 yuan / ton, up 120 yuan / ton, or 0.
85
。
In terms of external trading, Lun aluminum jumped low to open 2100 US dollars / ton, opened down 2080 US dollars / ton, and then hovered slightly and then fell down the next ladder to a low of 2046.
5 US dollars / ton, struggling unsuccessfully to test the lowest price of the day again 2044.
5 US dollars / ton, and then the Asian trading session basically around 2052 US dollars / ton narrow range
。 After foreign media reported that the United States froze the assets of Rusal's major shareholder Deripaska in the United States, the market picked up slightly, Lun aluminum broke free from the high pressure of the US index in a short period of time and began to climb low, all the way back to touch 2085.
5 US dollars / ton, but by the 5-day moving average suppressed has fallen, continue to rise blocked, as of 17:35, Lun aluminum reported 2076.
5 US dollars / ton, less than the opening price, down 29.
5 US dollars / ton, down 1.
4%.
In the spot market, aluminum will run
in shock before noon of the month.
Shanghai transaction concentration is 14280~14300 yuan / ton, the discount for the month is 30~20 yuan / ton, Wuxi transaction concentration is 14280~14300 yuan / ton, Hangzhou transaction concentration is 14290 ~ 14300 yuan / ton
.
During the National Day period, there were fewer arrivals, the holders shipped at a high price, the spot discount narrowed slightly, the willingness of middlemen to stock goods was general, although downstream enterprises had demand for reserve goods, but the stocking strength was not strong year-on-year, and the overall transaction was slightly
deadlocked.
Aluminum rose in the late afternoon, and the tail day quickly pulled up, the transaction price in East China was 14300~14340 yuan / ton, and the market was mainly
wait-and-see when the tail day rose sharply.
Industry:
1.
Moscow news, Russia's TASS news agency (TASS) said that Russian aluminum producer Rusal's aluminum exports in September decreased by 8.
6%
compared with August.
Norwegian Norsk Hydro said Saturday that it has been granted permission in Brazil to use new technology to extend the life of a waste disposal area in Alunorte, the world's largest alumina refinery, which will allow the refinery to restart
50 percent of its capacity.
In terms of news, the central bank will reduce the deposit reserve interest rate of major financial institutions by 1 percentage point, and the RRR reduction will release about 750 billion yuan, which boosts market confidence and prompts Shanghai aluminum to close the sun, changing the pattern of four consecutive negatives, and the daily KDJ line has an upward trend
.
The release of China's Caixin Services PMI for September, with a better-than-expected reading, had a positive impact
on the market.
Continue to pay attention to the US dollar index and external related event guidance
.
