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[brief comment on SMM Aluminum] Aluminum prices fall within a day to brush the recent three-week low price
Jun 4,2019 17:20CST
translation
Source:SMM
Aluminum prices fall within a day to brush the recent three-week low
The content below was translated by Tencent automatically for reference.

SMM, June 4 / PRNewswire-Asianet /-

The 1907 contract of Shanghai Aluminum Company opened at 14065 yuan / ton in the morning, hit an intraday high of 14095 yuan / ton at the top of the shadow line, and then began to fall back to a low level of 14035 yuan / ton. Shanghai Aluminum rose slightly from the low level before noon and stepped back on the 14055 yuan / ton line. In the near five minutes after the close, bulls' confidence was not enough to reduce their positions by more than 1300 hands, and the price of aluminum fell to the lowest level in 14030 yuan per ton in a day, refreshing the lowest price since May 10. it finally closed at 14030 yuan per ton, down 115 yuan per ton, down 0.81 percent. Trading volume increased by 24920 hands to 146000 hands, position decreased by 6000 hands to 230000 hands, closed at the Xiaoyin line, the center of gravity fell below the 40-day moving average, the daily MACD green line elongated, and the KDJ third line was facing down. As a result of the recent macro atmosphere superimposed future consumption weak expectations, aluminum prices recently performance correction, pay attention to whether the changes in the evening market atmosphere can make aluminum prices hold ten thousand four levels.

(SMM Shanghai Nonferrous Xu Man 021 5159 5898)

Evening news

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