SMM, 16 April:
The 2006 contract of Shanghai Aluminum Company was opened at 11915 yuan / ton in the morning. After the opening of the market, short risk aversion and reduction, the disk steadily set foot on the ten thousand two levels and continued to rise, closing at 12085 yuan / ton, up 135 yuan / ton from the previous day's close, up 1.13%. The trading volume was reduced by 673 to 107000 hands, and the unilateral short position was reduced by 3036 to 136000 hands. The Japanese K line closed at a Zhongyang line, the highest level since March 20. Short-term fundamentals of domestic trade repair logic gradually realized, superimposed macro liquidity loose, Shanghai aluminum borrow low rebound, need to pay attention to the sustainability of the rebound, the short term should not be too bearish. It is expected that tomorrow Shanghai aluminum company 2006 contract shock operation in 12000-12150 yuan / ton.