[brief Review of SMM Aluminum] the new high aluminum price in the past two months has recorded five Lianyang.

Published: May 28, 2020 17:27
In the past two months, the new high aluminum price has recorded five Lianyang.

SMM, May 28th:

The main 2007 contract of Shanghai Aluminum opened at 13080 yuan / ton in the morning, and the gold needle reached a bottom of 13060 yuan / ton at the beginning of the session, then fluctuated up to a high of 13170 yuan / ton, and the high level softened somewhat. From the second trading stage, it slowly climbed around 13110 yuan / ton, to the intraday high of 13175 yuan / ton at the end of the day, refreshing the new high since March 9, and finally closed at 13155 yuan / ton, up 190 yuan / ton, up 1.47%, recording Wulianyang. Trading volume decreased by 4608 to 117000, position increased by 3385 to 160000, the daily K line pierced the upper track of the Brin channel, the third line of the daily KDJ continued to rise, is expected to maintain strong volatility at night, pay attention to the changes in market sentiment and the contraction of the price spread between contracts at night. (SMM Xu Man 021 Mel 51595898)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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