Shanghai aluminum finished lower, total transactions and positions have begun to enlarge

Shanghai Aluminum finished lower today, with the main contract 508 opening at 16670, the daily high at 16750, the daily low at 16610, and the closing at 16620 to close at the end of the day, adding more than 1,500 daily positions; the 509 contract also had more than 1,000 Zhangcang positions. Total transactions and positions have begun to enlarge. Alluminium is still within the expected range of healthy growth, the market outlook is worth the wait. On the domestic front, yesterday’s rally is difficult to continue. Air Force’s strength has been suppressed at over 16700. In the current event of the aluminum industry, the rising flame will soon be extinguished by the empty side. From today’s trend, we can preliminarily conclude that the majority The force should belong to the former case mentioned by the author yesterday, so the continuity of the upward trend of the market will be greatly reduced. Aluminum prices in the spot market have continued to decline slowly in recent days, and the expected pressure brought by inventory has become apparent. Operational advice: empty order continued.