[brief Review of Aluminum in SMM] short positions were mainly reduced and most of yesterday's decline was recovered today.

SMM, 30 October:

Shanghai aluminum company 1912 contract opened in the morning at 13840 yuan / ton, Shanghai aluminum around 13835 yuan / ton line, to 30 yuan / ton price difference for the range of fluctuations, the trend is relatively stable. Shanghai aluminum opened in the morning to meet part of the short to increase positions, probe lower 13810 yuan / ton intraday low, then slowly floating blocked in 13855 yuan / ton high, tail float closed at 13845 yuan / ton, up 70 yuan / ton, up 0.51%, trading volume reduced 9152 hands to 107000 hands, short position reduced 10398 hands to 230000 hands, short reduction mainly closed in the small positive line, the center of gravity rose compared with yesterday, the top pressure 20 averages, daily KDJ third line floating. Aluminum prices have recently shown horizontal trading, the overall volatility is not large, long short positions many times game, low short confidence is insufficient, today to recover most of yesterday's decline, is expected to continue to maintain the range shock in the evening, waiting for the release of supply and demand side related news and market leading trading atmosphere changes to give clear guidance.

(SMM Yiliang 021-20707892)