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[SMM Aluminium Morning News] short-term sentiment boosts the rebound in Hulun Aluminium's performance
Apr 17,2020 00:00CST
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Short-term sentiment boosts performance rebound in Hulun Aluminium
The content below was translated by Tencent automatically for reference.

SMM, 17 April:

On Thursday, the 2006 contract of Shanghai Aluminum Company 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 the Shanghai aluminum company 2006 contract shock run in 12000-12150 yuan / ton, spot to the current month in flat water to 20 yuan / ton near.

Aluminum opened at $1512.5 a tonne on Thursday morning. Asian session performance wide shock, boosted by Shanghai aluminum, Lun aluminum to stop the decline difficult small rise, closed at $1513 / ton, up 0.07%. Intra-day shocks are expected to run at $1500-1530 per tonne.

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