[SMM Aluminium Morning News] Shanghai Aluminum Co., Ltd. has mainly reduced its positions on the 10-day average line.

SMM, June 22nd

On Friday morning, the Shanghai Aluminum main Company 2008 contract opened in Shanghai Aluminum main 2008 contract at 13505 yuan / ton in the morning. After the opening of the long game appeared, each other increased positions under the low touch 13495 yuan / ton. After the bulls took the initiative to enter the market to pull up aluminum prices, although short sellers tried a high attack in the afternoon, they still failed to achieve their wishes. Shanghai Aluminum reached an intraday high of 13620 yuan / ton at the end of the day and closed at 13620 yuan / ton at the end of the day. The position increased by 940 to 139425, while the Shanghai Aluminum Index reduced its position by 4651 to 451013. At night, the opening of the market quickly turned down, empty into Duoping, closing at 13550 yuan / ton. The margin of fundamentals weakens, and the main concussion within the day is expected to run at 13450 won 13850 yuan / ton, and the spot price is up 150 won 180 yuan / ton in the same month.

Roentalco opened at $1600 a ton in the morning. In the Asian session, Lun Aluminum maintained a strong shock at the start of trading, running above the 10-day moving average, and its gains expanded in the afternoon, reaching a high of US $1605.5 / ton. It was quoted at US $1603.5 / ton as of 15: 00. During the European session, the dollar index rose sharply, pointing directly to the 97.5 line, and Lunal dived, quickly wiped out the day's gains, and fell below the 5-day moving average to turn green, reaching a low of US $1596 / ton. entering the US market, Lunal continued to fall, finally closing at US $1586 / tonne, and the Japanese K line closed at a negative line, down 14 US dollars / ton, or 0.88%. Trading volume increased by 1068 to 9274, and positions decreased by 2775 to 831000, mainly by bulls.

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