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[SMM Aluminium Morning News] the trend of Shanghai Aluminium is guided by the US Index to increase short positions overnight and put pressure on Shanghai Aluminium Aluminium.
Oct 31,2019 09:04CST
translation
Source:Www.smm.cn
[SMM Aluminium Morning News] the trend of Shanghai Aluminium is guided by the US Index to increase short positions overnight and put pressure on Shanghai Aluminium Aluminium.
The content below was translated by Tencent automatically for reference.

SMM, 31 October 2019:

Overnight, the Shanghai aluminum main company 1912 contract opened at 13840 yuan / ton, after the opening short to increase positions, Shanghai aluminum under pressure downward, followed by a continuous empty into Duping, closed at 13815 yuan / ton, down 30 yuan / ton, down 0.22%, trading volume decreased by 84356 hands to 22586 hands, position increased by 782 hands to 231000 hands, mainly short positions. Night plate Shanghai aluminum main force down 10-day moving average, it is expected that within the day Shanghai aluminum main shock run in 13750-13900 yuan / ton, spot on the same month in the rise of 80-110 yuan / ton.

Overnight aluminum opened at $1752 / ton in the morning, sub-session, Lun aluminum performance first suppressed and then rose, to the European morning period Lun aluminum rushed up to $1763.5 / ton, then bullish profit closed, Lun aluminum quickly fell, bottomed to $1745 / ton; in North American trading, Lun aluminum once again followed the rise and fall of the U. S. index, closing at $1751 / ton, basically flat compared with the opening of the day. Position reduced by 209 hands to 778000 hands, trading volume increased by 1347 hands to 10532 hands, mainly short positions. We need to pay continuous attention to the macro marginal changes and the trend of the US index, which is expected to run between US $1730 and US $1770 per ton within a day.

(SMM Xueman)

Morning news

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