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Shanghai aluminum is relatively quiet today, but the volatility has increased
Shanghai Aluminum performed relatively quietly yesterday compared to other futures, but the volatility has increased during the day. Failed to go to the far and the month, but soon the funds evacuated the market again and the price began to fall. The price closed at 16860 and the daily low was 16840. The performance of the spot market yesterday was unsatisfactory. The lighter consumption did not keep aluminum prices rising. Today, the spot price fell slightly. The transaction range was between 17220 and 17280 yuan. The tightening of supply provided short-term aluminum price support. The price of imported alumina is currently reported at a low price of US$410, showing a downward trend. With the import restrictions, the price of alumina will be lifted from the high point and a reasonable price range will be sought. Shanghai Aluminum faced pressure in the later period. Operational recommendations: lighten up rallies.