SMM, 13 May:

The main 2007 contract of Shanghai Aluminum opened at 12350 yuan / ton in the morning. At the beginning of trading, the short position increased by more than a thousand hands, and the low position leaked directly to 12285 yuan / ton. Then it repaired the decline from the low position, rose slowly all the way up to the daily high of 12525 yuan / ton at the end of the day, and finally closed at 12495 yuan / ton, up 80 yuan / ton, or 0.64%. The trading volume increased by 34457 to 119000, and the position increased by 1614 to 149000, closing at the Xiaoyang line. The center of gravity is still below the 60-day moving average and is expected to continue to have limited upstream space in the evening. Pay attention to the change of long short position in the evening. (SMM Xuman 021-51595898)