[brief comment on Aluminum in SMM stage] the poor macro atmosphere of Shanghai Aluminum is the final negative line after refreshing the low position.

Published: Jun 3, 2019 16:41

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The macro atmosphere is not good, Shanghai aluminum refreshes the low position and ends the negative line.

SMM, June 3 / PRNewswire-Asianet /-

The 1907 contract of Shanghai Aluminum Company opened at 14155 yuan / ton in the morning. After the opening reached the highest point of 14165 yuan / ton in a day, some bulls reduced the price of aluminum to an intraday low of 14100 yuan / ton, brushing the lowest level in the last week, because there is still some support below. It then began to float back to a narrow range of 14135 yuan per ton. The trend fluctuated little during the day. In the afternoon, it continued to explore around the first line of 14125 yuan / ton, with a price difference of not more than 20 yuan / ton, and finally closed at the Xiaoyin line, closing at 14125 yuan / ton, down 25 yuan / ton, down 0.18%. The center of gravity falls below the 5-10 / 20 EMA, at the lower rail of the Brin Channel, and the MACD Green Line is elongated. The macro atmosphere is not good today, the rise of safe-haven gold and silver varieties is obvious, the colored disk surface is almost all floating green, and the aluminum metal has a smaller decline compared with other metals, paying attention to the impact of the release of relevant macro data in the United States on the disk surface in the evening.

(SMM Shanghai Nonferrous Xu Man 021 5159 5898)

Evening news

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