SMM, 8 April:
Today, the 2006 contract of Shanghai Aluminum Company was opened as low as 11535 yuan / ton. After a short period of hesitation after the opening, then more empty, the disk tried to return to yesterday's closing level, closing at 11620 yuan / ton. Day K line closed a small positive line, compared with yesterday's closing level, position increased by 1792 hands to 138000 hands, trading volume reduced by 11409 hands to 78156 hands, mainly long positions. Today, the domestic tax reduction news continues to ferment, feedback to the disk performance 06 contract long warehouse obvious, but under the background of weak fundamentals, Shanghai aluminum trend is difficult to break away from the 5 / 10 moving average, is expected to run in the range of 1150011650 yuan / ton tomorrow.
