SMM, 22 Oct:
Shanghai aluminum main force 1912 contract opened in the morning at 13775 yuan / ton. After the opening, due to yesterday's sharp fall in Shanghai aluminum, low short more active entry, low touched 13755 yuan / ton after the Shanghai aluminum price slowly rose, after the short trend profit closing, Shanghai aluminum continues to move up, to the afternoon above Shanghai aluminum break through the 5 / 10 moving average of 13830 yuan / ton. The last high led to a much shorter profit, closing at 13795 yuan / ton. The position increased by 1116 to 241948, and the Shanghai Aluminum Index increased by 7964 to 693186. At present, Shanghai Aluminum is still facing the contradiction between the current consumption and the decline of forward cost and the increase of supply pressure. It is expected that the Shanghai aluminum multi-short game will be intensified in the evening, the center of gravity of Shanghai aluminum will move up slightly, and the shock will run near the 5 / 10 moving average.
(Shanghai Nonferrous Network Yiliang 021-20707892)