SMM, 15 October 2019:
Every other night, the contract conditions of Shanghai Aluminum Company 1912 jumped short and opened low at 13705 yuan / ton. At the beginning of the day, they increased their positions by more than 1700 hands. Then they opened low and walked high at night. All the way up the line ended up at 13755 yuan / ton at the end of the day, closing at 13755 yuan / ton, up 20 yuan / ton, up 0.15%, trading volume decreased by 77236 hands to 23228 hands, position increased by 1618 hands to 222000 hands, closed at the small yang line, the center of gravity was basically flat compared with the day, and was below all moving averages. Piercing the Brin passage for a week in a row. At night, almost all the metal is green, Shanghai aluminum in the low state has not further probed, is expected to run between 13690-13800 yuan / ton today, the discount between 10-40 yuan / ton. Today is the last closing day of the month's contract of about 1910.
Overnight aluminum opened at $1724.5 / ton, the Asian plate maintained a narrow range of fluctuations, the difference between high and low prices was less than $8 / ton, and the end of the sub-plate reached a low of $1719 / ton. After entering the European trading session, the trend was tangled. During the concussion, the high level stopped at $1729 / ton, and the low level stopped at $1710 / ton. Because there is still some support in the short term, the low level rebounded along the 5-day moving average line in the evening and operated under pressure. In the upward process to $1724 / ton around again softened, closed at $1719 / ton, trading volume reduced by 1737 hands to 9881 hands, position increased by 1808 hands to 771000 hands, closed in the small shade line, the center of gravity is lower than the previous day, the day MACD green line elongated, KDJ three lines down. The US index rose in the evening, the metal almost all floating green, Lun aluminum driven by the macro mood, is expected to run between 1700-1740 US dollars / ton today.