Times Futures: Shanghai Aluminum rose, it is recommended to continue to hold more

At the end of the week, the price of Aluminium increased at Kaiping and closed at 1940. Although there was no strong positive trend on the daily line, Aluminium's futures price was able to settle at a steady rate above the August high, making the recent The upswing channel maintained that the price of Lum Aluminium returned to above the medium-term upward trend line in the second half of last year, indicating that Lumium's futures price is expected to be able to shake off the trend of large-range oscillations since mid-year. In the later rising target of London aluminum futures price, the price of aluminum futures since mid-July will be measured in two large segments, and the market price of the upper market will reach the first-line level of US$2050. Considering the control level of the weekly level, the price is US$1,930. The fact that the frontline is not broken is the precondition for ensuring the maintenance of the second paragraph. Domestic performance has also continued to rise since the beginning of the month. The information on spot shows that the inventory of aluminum enterprises in the south is in a low state. After the spot price starts to rise in the near future, the desire to purchase has increased. In terms of customs data, the total aluminum export growth rate from January to August this year has dropped to around 4.0%. In the first half of the year, the rapid growth of domestic aluminum exports has slowed down. From the perspective of output data, the growth rate of domestic primary aluminum production continues to be close to 20%. Under such circumstances, the continuous rise in spot prices and the steady increase in futures positions indicate that domestic consumption should be maintained at a relatively good level. The growth rate. Chinalco’s optimistic attitude toward aluminum prices also supported the expectation of a rebound in prices to some extent. In the performance of the Shanghai aluminum main contract Shanghai aluminum in January, since the heavy volume rose on Tuesday, the three consecutive days of shrinkage consolidation have remained on the upper edge of the upper shadow price zone, and today's top-level trend has entered into last year. In the second half of the year near the high price zone, the transaction volume was only slightly higher than the volume level of the previous week, and the control on the rising kinetic energy was fairly satisfactory. The short-term due to the large amount of today, the entity out of a larger, may require a small amount of consolidation to stabilize the action of consolidation, followed by Shanghai aluminum futures prices continue to test the trend of rebounding highs in the region will be able to look forward to. Operational advice, continue to hold more, or flat consolidation consolidation rely on last week's small platform price zone to buy. (Wei Hongjie)