The US dollar index rebounded, and the main shock of Shanghai aluminum fell slightly

Market focus: (1) The bipartisan negotiations on the stimulus package continued on Monday, but with little success, and Pelosi and Mnuchin still failed to bridge their differences
on the new stimulus package.
(2) The cumulative number of confirmed cases of new coronary pneumonia in the United States exceeded 8.
95 million, and the number of hospitalizations in many places reached the peak
since the epidemic.
(3) China's primary aluminum imports in September were 171,700 tons, down 30.
66% from the previous month and soaring 3195.
73%
from the same period last year.

Spot analysis: On October 27, spot A00 aluminum was reported at 14860-14900 yuan / ton, with an average price of 14880 yuan / ton, down 60 yuan / ton
per day.
Changjiang Nonferrous Metal reported that the holders actively shipped, the enthusiasm of large households to receive goods was general, and the downstream procurement was on-demand, and the transaction was relatively deadlocked
.

Warehouse receipt inventory, Shanghai aluminum warehouse receipts on Tuesday totaled 97,938 tons, a daily decrease of 76 tons, a decline of 7 consecutive days; On October 26, LME aluminum stocks were 1,473,900 tons, a daily decrease of 5,175 tons
.

The main position, the top 20 long positions of Shanghai aluminum main 2011 contract were 62548 lots, minus 6241 lots, short positions were 74879 lots, daily minus 4562 lots, net short positions were 12331 lots, daily increase of 1679 lots, long and short were reduced, net space increased
.

European and American countries gradually entered the winter, the new crown epidemic broke out again, coupled with the difficult production of the US stimulus package, market risk sentiment was suppressed, and the US dollar index rebounded; The new production capacity of domestic electrolytic aluminum is also gradually released, and the price of alumina remains weak, and the high profit of aluminum plants has also stimulated the release of idle capacity, and the pressure on aluminum prices has gradually increased
.
However, China's economy remained stable and improving, domestic aluminum production rebounded in September, demand performance was acceptable, and import profits narrowed so that primary aluminum imports declined, and recent Shanghai aluminum inventories continued to deteriorate, and aluminum prices performed firmly
.
Technically, the trading volume of the main 2011 contract of Shanghai aluminum is large, and the bulls have a large divergence, and it is expected that the short-term shock will adjust
.