SMM, 11 May:
Shanghai aluminum main force 2007 contract 12455 yuan / ton in the morning, at the beginning of the day through the two Changyang line to touch 12560 yuan / ton, continue to perform weakly, and then around 12535 yuan / ton throughout the day to make a narrow concussion, the upper and lower space is less than 40 yuan / ton, the end of the day hit the day's high point 12570 yuan / ton, closed at 12535 yuan / ton, up 105 yuan / ton, up 0.84%, trading volume decreased 21070 to 83909 hands, The position decreased by 1586 hands to 142000 hands, closed at the Xiaoyang line, the center of gravity was below the 60-day moving average, the daily MACD red line shortened, and it is expected that there will be greater resistance above 12700 yuan / ton in the short term. Today, the monthly spread of 2005 and 2006 contracts widened to around 240yuan / ton, and the Back structure expanded further, paying attention to the changes in long short positions in subsequent contracts in that month. (SMM Xuman 021-51595898)
