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[SMM aluminum brief review] there is a slight lack of upward power for aluminum prices to rise and fall during the day.
May 25,2020 16:03CST
translation
Source:SMM
There is a slight lack of upward power for aluminum prices to rise and fall during the day.
The content below was translated by Tencent automatically for reference.

SMM, May 25:

Shanghai Aluminum's main 2007 contract opened at 12810 yuan / ton in the morning, a spindle line was recorded on the K line in the first five minutes of trading, and the lower shadow line reached the lowest point of 12790 yuan / ton. in the first trading stage, the upstream fluctuated, and the high level was 12890 yuan / ton. the continued upward movement was blocked, and the empty entry was flat. In the second trading stage, the high level fell back to 12805 yuan / ton all the way back to 12805 yuan / ton, and maintained a narrow range in the afternoon, closing at 12840 yuan / ton, up 40 yuan / ton. The trading volume increased by 0.31%, the trading volume decreased by 41947 to 81336, and the position increased by 9 to 158000, closing at the Xiaoyang line, with the center of gravity slightly higher than yesterday. Aluminum prices are expected to continue to maintain a range of shocks in the evening. Today, it is announced that the inventory of electrolytic aluminum, which is the mainstream consumer of the society, is still strong, and the short-term downward space for aluminum prices is temporarily limited under the background of strong depots. Continue to pay attention to the changes in long positions and market trading sentiment in the evening. (SMM Xu Man 021 Mel 51595898)

Evening news

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