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[SMM Aluminium Morning News] Hulun Aluminium rose slightly the day before. The fundamentals were weak and the upside was limited.
Apr 8,2020 09:25CST
translation
Source:Www.smm.cn
Shanghai and Lun aluminum rose slightly the day before, the fundamentals were weak and the upward range was limited.
The content below was translated by Tencent automatically for reference.

SMM, 8 April:

The 2006 contract of the Shanghai Aluminum Company was opened at 11565 yuan per ton on Tuesday. After the opening of the short position reduction of more than 1, 000 hands, the disk once touched 11720 yuan / ton fell back; in the afternoon, the opening of a slight correction, closed at 11620 yuan / ton. Daily K line closed a small positive line, up 75 yuan / ton from the previous day, an increase of 0.65%, unilateral positions increased by 1030 hands to 137000 hands, mainly long positions. The third line of daily KDJ is up, and the MACD column changes from green to red. Although the trading mood was optimistic yesterday, but the fundamentals are weak and difficult to change, the intra-day shock is expected to run in 11450-11600 yuan / ton, spot pair in the current month in the paste 20 yuan / ton to flat water near.

Aluminum opened at $1475 a tonne on Tuesday morning. Asian session first raised and then suppressed, into the European trading hours, Lun aluminum shock uplink, touch high $1500 / ton and then down, the disk into the North American trading session all the way down, closed at $1478 / ton, daily K line closed a long upper shadow line small positive line. Intra-day shocks are expected to run at $14551490 per tonne.

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