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[brief Review of Aluminum in SMM period] the short-term aluminum price is mainly fluctuating rather than increasing after the festival.
May 6,2020 15:27CST
translation
Source:SMM
The short-term aluminum price is mainly fluctuated by the short-term aluminum price instead of increasing after the festival.
The content below was translated by Tencent automatically for reference.

SMM, 6 May:

The Shanghai aluminum main force 2006 contract opened in the morning at 12595 yuan / ton, the first trading stage all the way up, more into the level to push up the aluminum price up to 12760 yuan / ton intraday high point, the second trading stage under pressure to run under 13740 yuan / ton, Shanghai aluminum first crept down to 12690 yuan / ton in the afternoon, as the short part reduced warehouse departure, the end of the day to 12760 yuan / ton, closed at 12740 yuan / ton, up 80 yuan / ton, up 0.63%, closed at the Xiaoyang line. Four Lianyang was recorded, the center of gravity stood firm except the 60-day moving average, the trading volume increased by 13862 hands to 87473 hands, the position decreased by 2554 hands to 104000 hands, and the short position was mainly reduced on the fourth day. SMM statistics after the festival compared with the mainstream consumption of electrolytic aluminum inventory did not increase but decreased by 32000 tons. Under the background of marginal improvement of fundamentals, it is expected to maintain a strong concussion at night, and need to pay attention to long short positions and changes in market sentiment at night. (SMM Xuman 021-51595898)

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