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[SMM Aluminum Morning News] overnight, the metal price of the outer plate is limited to the upper and lower trend of aluminum in Shanghai and Shanghai.
Oct 30,2019 09:04CST
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[SMM Aluminum Morning News] overnight, the metal price of the outer plate is limited to the upper and lower trend of aluminum in Shanghai and Shanghai.
The content below was translated by Tencent automatically for reference.

SMM, October 30, 2019:

Overnight, the 1912 contract of the Shanghai aluminum main company opened at 13790 yuan / ton at night. After the opening, the short position closed mainly to help the aluminum price fluctuate upward. Shanghai aluminum fell back slightly after reaching 13860 yuan / ton, closing at 13845 yuan / ton, up 60 yuan / ton, up 0.44%. Positions were reduced by 5774 to 235000, mainly by long short positions. The recent trend of Shanghai aluminum is limited, the interval shock pattern is difficult to change, the intra-day shock is expected to run at 13750-13850 yuan / ton, and the spot liquidity in East China remains tight, and it is expected that the rising water of the current month will be maintained at 80-110 yuan / ton today.

Overnight aluminum runs at $1735.5 a tonne in the morning. In the morning, the Asian plate was briefly horizontal, and then to North America, as the US index fell, the aluminum plate followed the metal shock of the outer plate and rose to US $1755 / ton, with a slight correction at the end of the day, closing at US $1751 / ton, up 14.50 US dollars / ton, or 0.84%, dominated by long positions. Daily K line closed three Lianyang, the top to explore the 40-day moving average. Under the background of weak overseas demand, Lun aluminum trend is mainly affected by macro marginal changes, expected to run at 1720-1760 US dollars / ton within the day.

(SMM Xueman)

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