[brief comment on Aluminum in SMM stage] the price of red fat, green and thin aluminum in the surrounding metal maintains wide fluctuation in the day.

SMM, June 26 / PRNewswire-Asianet /-

The Shanghai Aluminum main Company 1908 contract was opened at Cross Star in the morning, and began to drill down at the beginning of the day, sinking step by step from around 13910 yuan / ton, and finally probing into the lowest point of 13880 yuan / ton within the day. However, under the condition of improving macro atmosphere, the surrounding metals showed red, fat, green and thin. Shanghai Aluminum then began to rise from the low level and climbed back above the daily average along the 5-day moving average. The end of the day was a narrow concussion of 13905 yuan / ton, and the price difference between high and low was no more than 10 yuan / ton. Today, it closed at 13910 yuan / ton, up 35 yuan / ton, or 0.25%, to close at the Xiaoyin line, with trading volume down 32630 hands to 99984 hands and positions down 7910 hands to 260000 hands, with the third line of the daily KDJ facing up sharply. During the day, Shanghai aluminum as a whole maintained a wide range of shocks, in the early macro good news laid the groundwork, today's short confidence is not enough, aluminum prices have not fallen sharply, is expected to continue to maintain fluctuations at the four levels in the evening, waiting for the release of relevant news to seek short-term trading logic.

(SMM Shanghai Nonferrous Xuman 021 5159 5898)