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[SMM Aluminum Morning News] Shanghai Aluminum on Friday narrow shock Lun Aluminum broke a new low on Monday
Apr 7,2020 09:20CST
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Source:Www.smm.cn
Shanghai aluminum on Friday narrow shock Lun aluminum broke a new low on Monday
The content below was translated by Tencent automatically for reference.

SMM, April 7-

The 2006 contract of Shanghai Aluminum Company was opened at 11535 yuan per ton on Friday. Within the day to maintain a narrow range of consolidation, the difference between high and low prices does not exceed 145 yuan / ton, closing at 11545 yuan / ton, up 70 yuan / ton from the previous day's close, an increase of 0.61%, dominated by long positions. Global stock markets rose on Monday, or slightly boosted the colored disk, but aluminum fundamentals are weak and hard to change, with intra-day shocks expected to run at 1140011750 yuan / tonne, while spot pairs are posted around 10 yuan / tonne for the month.

Monday's aluminum opened at $1480 a tonne. Asian session, Lun aluminum horizontal finishing; European to North American trading, the performance of the first suppression and then rise, closing at $1475 / ton, up 2%. Intra-day shocks are expected to run at $14501500 per tonne.

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