On Tuesday, LME aluminum closed flat. LME aluminum closed at 2,797.00 US dollars / ton, up 2.00 US dollars / ton from the previous day, an increase of 0.07%. During the day, LME aluminum futures rushed to 2,280.50 U.S. dollars per ton, but was later sold off profitably. The price did not continue to rise. Aluminum again encountered resistance at an important resistance level of US$2,800/ton. It is recommended that investors pay attention to the resistance of this price level and pay attention to the possible correction.
As the market continued to digest the two bad news of lowering alumina import tax and raising aluminum export tax, and Chinalco's downward adjustment of alumina prices, Shanghai Aluminum closed higher for five consecutive trading days. The disagreement between the trend of Lun Aluminum and Shanghai Aluminum last week led to a sharp drop in the prices of the two cities. Therefore, Shanghai Aluminum's rise may be higher than Lun Aluminum in recent days, which will promote the recovery of the parity of the two cities. In the long run, Shanghai Aluminum will continue to maintain its upward momentum following the rise in the price of external aluminum. At the same time, the pursuit of funds and the enthusiasm of investors to participate in the Shanghai Aluminum continue to maintain a strong upward trend.
Shanghai Aluminum is expected to continue to rise higher today.
Operation, long-term more than one single continue to hold.
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