SMM, 8 October 2019:
Overnight, Lun aluminum opened at $1726.5 / ton, initially lower than $1714 / ton in the Brin channel, and then rebounded all the way up and closed at a daily high of $1751 / ton at the end of the European trading session. It closed at the Zhongyang line and recovered most of its decline since last Thursday to close at $1751 / tonne. Trading volume increased by 1668 hands to 10544 hands, and position volume decreased by 3718 hands to 768000 hands. The daily K line breaks through the upper 5 / 10 moving average. Overnight LME metal warehouse after several consecutive days of sharp rise and finally began to decline, aluminum metal stocks fell 2300 tons to 964225 tons yesterday, but in view of the inventory is still high, and there is no exciting news, is expected to maintain a short-term range of $1800 / tonne volatility, is expected to run between $1720-$1760 / tonne today.
Take an overnight break.