Shanghai aluminum first suppressed and then rose, and the previous month’s contract rose more

Today's Shanghai Aluminum was initially restrained and then opened. The initial price of the opening fell slightly due to the decline of London Aluminum. As the spot prices were released, the price rose again. In recent months, the contract rose a lot in the day and the upside down situation continued. Among them, the main contract 507 opened at 16790, the daily high was 16870, the daily low was 16700, and it closed at 16820. According to the supply and demand situation of the world's primary aluminum announced by CRU, after entering 2005, the gap from the 54,000 tons supply gap in January to 28,000 tons in February and 9 thousand tons in March continues to shrink. . With the increase and recovery of the capacity of some large aluminum plants, it is believed that the supply will become more abundant. In contrast, consumption has seen too much improvement. On the contrary, the relative sluggishness of the domestic automobile industry in the United States has caused the industry. The decline in the amount of aluminum used in the sale of aluminum stocks at the same time, but also led to the decline of the US Midwest's rise. From a technical point of view, technical indicators have entered the oversold zone and require certain corrections; in the early stage of the head and shoulders configuration to the broken neckline of 1900, the price has now fallen by 1 times the height of the head and shoulders pattern. There is also the possibility of a rebound. From the domestic market point of view, the pressure on Guangdong's spot has eased, but the overall inventory is still relatively low, and the possibility of a drop in prices in the short term will not be too great. Operational advice: Day short-term trading.

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