[SMM Aluminium Morning News] overnight Shanghai Aluminum Breakthrough soaring Lun Aluminum Dayang to explore the front high

SMM, July 13:

Last Friday, the main 2008 contract of Shanghai Aluminum opened at 14240 yuan / ton in the morning, and then increased the position by more than 100 yuan. In the afternoon, it stabilized and fluctuated in a narrow range around 14400 yuan / ton, finally closing at 14375 yuan / ton, the trading volume increased to 137000 hands, the position increased to 165000 hands, and the daily line three Lianyang, constantly setting new highs. Shanghai aluminum futures held a total of 428000 lots, and the trading volume increased to 259000 lots. The main force of Shanghai Aluminum opened at 14390 yuan / ton in night trading. After opening, it quickly rose 100 yuan, pulled up to 14530 won 14600 yuan / ton range to make a slight adjustment, and then pulled up again before the end of the day and closed at 14650 yuan / ton. Good macro atmosphere, increased market risk appetite, tight spot support for near-month aluminum in East China, focus on today's national aluminum ingot inventory, the main operating range of Shanghai aluminum is expected to be 14400 Mel 14800 yuan / ton.

Overnight Lun aluminum opened at $1649.5 / ton, falling first and then rising in the Asian session, with an operating range of $1650, $1665 / tonne. European trading resumed its upward trend, with prices rising to $1670 / tonne. At the beginning of the US session, it rose nearly $20 and reached an intraday high of $1692 / tonne. In late trading, it closed around $1689.0 / tonne, with a trading volume of 13500 hands and a position of 825000 hands, and the daily line closed at Dayang. It is estimated that today's operating range is 1670MUR 1710 yuan / ton.

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