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[SMM aluminum brief review] the intra-day aluminum price rebounded with strong bullish sentiment in many ways.
Jul 8,2020 17:23CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 8:

The main 2008 contract of Shanghai Aluminum opened at 13995 yuan / ton in the morning, and the short positions increased by more than 60 hands in the first 15 minutes. Aluminum prices gave up yesterday's night's rise, recording an intraday low of 13950 yuan / ton. Subsequently, mainly bulls increased their positions. Aluminum futures reached an intraday high of 14165 yuan / ton at about 11:15 in the afternoon, and short positions entered the high attack at noon. Aluminum prices fluctuated slightly down to 14115 yuan / ton in the afternoon. After 14: 05, mainly bulls entered the market, aluminum futures prices rose back to the end of the day in a small Yin line, the closing price recorded 14150 yuan / ton. 08 contract day position increased by 371 to 164340 hands, the Shanghai Aluminum Index position increased by 1370 to 430227 hands, the daily K closed at a positive line, up 0.64%, an increase of 90 yuan / ton, mainly long positions during the day. Today's futures aluminum prices rebounded, almost to make up for yesterday's decline, today's bullish sentiment is strong, aluminum futures shock market continues.

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