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[SMM Aluminium Morning News] Shanghai Aluminium Xiaoyang picks up the rising trend and Lun Aluminum pullback is slightly down.
Jul 6,2020 08:59CST
translation
Source:SMM
Shanghai Aluminum Xiaoyang picks up the rising trend and the pullback of Lun Aluminum is slightly down.
The content below was translated by Tencent automatically for reference.

SMM, July 6:

Last Friday morning, Shanghai Aluminum's main 2008 contract opened at 13985 yuan / ton, rising first and then falling in the afternoon, fluctuating around 14000 yuan / ton; rising steadily since Wan4 in the afternoon, reaching a high of 14075 yuan / ton in the afternoon, closing at 14055 yuan / ton at the end of the day, trading volume decreased to 82000 hands, position increased to 168000 hands, daily line closed at Xiaoyang, weekly line closed at entity Dayang. The total position in the Shanghai Aluminum Index decreased slightly to 440000 lots, while the trading volume decreased to 161000 lots. The main force of Shanghai Aluminum opened slightly higher in the night market, then fluctuated in the range of 14010 won 14100 yuan / ton, and then closed at 14055 yuan / ton. The rising trend of aluminum futures remains unchanged, and the spot rising water has fallen somewhat. It is expected that the main operating range of Shanghai aluminum will be 13900mur14200 yuan / ton today.

Last Friday, Lun Aluminum opened at $1623.5 / ton, which fluctuated weakly in the Asian market, with an operating range of $1617, 626 / ton. In the European market, positions fell slightly, falling by about $10. In the US market, there was a wide range of fluctuations around $1615.0 / tonne, the fluctuation range increased. At the end of the day, it closed down at US $1612.0 / ton, the trading volume was reduced to 6900 lots, and the position was reduced to 820000 lots. The daily line closed at Xiaoyin, while the weekly line closed at Xiaoyang. It is expected that today's operating range will remain at 1600 won 1640 yuan per ton.

 

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