As the external disk has not been a new bright spot, the domestic aluminum has not dared to perform. Shanghai aluminum market is still twists and turns on the 16th, 612 morning to 20180 to open higher, after a little on the impulse to be quickly suppressed by the bears to the day lower 20090, its The price was still unfavorable in the latter part of the year. It was repeatedly stopped by the empty side and stopped. Five minutes before the end of the close, a large number of shorts began to cover up. The price was quickly pulled up to the day's high of 20320, and was stronger than at the end of the 20310. At closing, 96,672 lots were traded throughout the day, reducing the number of positions by 648 to 89,414.
Domestic spot market: According to preliminary statistics released by China Customs, China's cumulative exports of aluminum and aluminum alloys totaled 962,893 tons from January to September this year, a decrease of 5.8% compared with the same period of last year, and exports in September were 109,137 tons, compared with August. 124,301 decreased by 12.2%. In addition, China imported 191,364 tons of aluminum scrap in September, an increase of 28% from 149,113 tons in August. It was the month with a large number of imports in the month of 2006. From January to September, it imported 1,265,824 tons, an increase of 3% year-on-year.
Foreign market news: Trading company Marubeni said on the 13th that as of the end of September, the total volume of aluminum inventories at the three major ports of Yokohama, Tokyo, and Osaka, Osaka and Osaka fell by 10.1% from the end of August to 223.6 thousand tons. In August, aluminum inventories at the three major ports in Japan increased to a six-month high of 251,600 tons because shipments decreased due to the summer off-season consumption. However, a company official stated that the increase in aluminum shipments in Japan in September caused a decrease in stocks.
Observation on the disk: As the main contract gradually transitioned to the next month, there was no obvious breakthrough on the outer disk. The domestic market was also a step by step, slowly and steadily approaching the top of the shock area. The bulls used the intraday intraday gains to continuously increase their chips. To accumulate its own advantages, it is reported that China has banned the import of refined copper and native aluminum for processing trade that can be tax-exempted. China’s trade practice stipulates that if copper product processors export more than finished products, they can be tax-free imported and refined. Copper and raw aluminum, this move has had a certain impact on the cost of aluminum production, the market is expected to be late.
Comprehensive analysis: From the aspect of technology, although aluminum has always been in an adjusted posture, it is still sticking to the 5-day moving average. This shows that the multi-headed control method is smart. As the market's center of gravity continues to move upwards, the bullish momentum is ready to rise. On the previous day, the previous high point will also be easily broken. After the final analysis, the main force has begun to gradually profit from the previous short-term singles, and use the main contract to change the monthly gap to build long positions, everything is available, only to the east, pending After the outer disk breaks through the consolidation area effectively, the domestic market will also usher in a wave of big market. The operation will be held more carefully in the previous period and the midline will be gradually lightened up.
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