[brief comment on SMM Aluminum] Shanghai Aluminium returned all its gains yesterday and closed with negative attention to the support level of 13800 yuan / ton.

SMM, June 14 / PRNewswire-Asianet /-

The Shanghai Aluminum main Company 1908 contract opened at 13915 yuan / ton in the morning, and rose at the beginning of the day to reach a high of 13935 yuan / ton by a shadow line on a positive line, followed by a series of short positions, aluminum prices fell 13880 yuan / ton low, brushed a new three-day low, began to climb from the low level in the afternoon, but the upper pressure was larger, again blocked in the vicinity of 13930 yuan / ton, fell back for the second time in the last day, hovered at 13910 yuan / ton line, and finally closed at 13910 yuan / ton. It fell 45 yuan per ton, or 0.32 percent, to close at the Xiaoyin line, giving up all its gains yesterday, with trading volume up 11474 hands to 71840 hands and positions up 3882 hands to 241000 hands, a daily KDJ third-line aggregation. Today, Shanghai aluminum trend is not strong, the lack of upward power performance is lacklustre, pay attention to the night long short position changes and 13800 yuan / ton first-line support.

(SMM Shanghai Nonferrous Xu Man 021 5159 5898)