SMM, April 27th:
The 2006 contract of Shanghai Aluminum main Company opened at 12085 yuan / ton in the morning. At the beginning of the session, the short positions increased a little, reaching the lowest level of 12045 yuan / ton in the day, and then the bulls continuously increased their positions, pushing the market up to 12245 yuan / ton, and the end of the session fell slightly to close at 12195 yuan / ton, up 90 yuan / ton or 0.74% from the previous day's close. The trading volume decreased by 21995 to 117000, while the position increased by 868 to 128000, mainly by bulls, while the daily K line closed with a small positive line. Intra-day spot is relatively strong, East China in the month in the rise of 30-50 yuan / ton, pushing up Shanghai Aluminum back structure in recent months further enlarged, the spot market liquidity is relatively tight, and Yunnan acquisition and storage news also boosted sentiment. It is expected that the 2006 contract concussion of Shanghai Aluminum main Company will run at 12000-12250 yuan / ton, while East China will rise 60-80 yuan / ton in the same month.
Lun Aluminum opened at $1510.5 a ton on Friday morning. In the Asian session, Ron Aluminum first rose and then restrained, surging to the intraday high of US $1519 / tonne and then weakening. As of 15:00 Beijing time, Lomalco was at US $1509.5 / tonne. Entering the European session, Ron Aluminum first moved to a low of US $1504.5 / tonne and then rebounded slightly. In North American trading, it continued to try to climb up, closing at US $1514.5 / tonne, up US $4.50 / tonne, or 0.3 per cent. Intraday shocks are expected to run between $1510 and $1530 per ton.
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