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[brief comment on SMM Aluminium] the rally in the external market has led to a rise in aluminum prices at home and abroad.
Jul 10,2019 18:53CST
translation
Source:SMM
The rally in the external market led to a rise in aluminum prices at home and abroad.
The content below was translated by Tencent automatically for reference.

SMM July 10 News:

Shanghai Aluminum main contract 1908 opened in the morning at 13765 yuan / ton. After the opening of the multi-empty mutual increase of positions, Shanghai aluminum shock operating below the 5 / 10 EMA, low touched 13745 yuan / ton. Then long take the initiative to increase the position, Shanghai aluminum shock upward, at the end of the short stop loss departure, Shanghai aluminum high touch 13820 yuan / ton of the 20-day moving average, closed at 13815 yuan / ton. The position increased by 5311 hands to 217430 hands, and the Shanghai Aluminum Index increased by 6474 hands to 694634 hands. Domestic electrolytic aluminum supply and demand is still weak, Shanghai aluminum to maintain shock, affected by the closure of overseas Polynesian Aluminij aluminum plant, short entry. It is expected that the stock of social aluminum ingots will continue to decline tomorrow, and the price of aluminum in Shanghai will fall somewhat.

(Shanghai Nonferrous Network Yi Liang 021 20707892)

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