The 14400 line caused the aluminum price to fall?

Aluminum in the LME period was lower, only closing down 14 US dollars to 1810 US dollars / ton on that day. Today, the opening price of the Shanghai Aluminum 1310 contract was reported at 14,325 yuan / ton, the lowest price 14,310 yuan / ton, closing at 14,430 yuan / ton, compared with yesterday, the settlement price fell 40 yuan / ton. The main reason is: today Shanghai aluminum spot mainstream transactions in the 14410-14420 yuan / ton; low iron and aluminum prices in the 14570 yuan / ton.

Shanghai aluminum under pressure continued to drag down the current rapid development of aluminum followed by water, traders shipping positive and weak downstream consumption, restricting the mainstream of the stalemate at 14,410 yuan / ton, even a very small amount of low-cost supply at 14,400 yuan / ton, only due to Hangzhou area The tight supply of goods in circulation was defensive and the turnover was firm at 14,450 yuan/ton, but the overall market conditions remained depressed. Today's Shanghai Aluminum ended its previous continual rebound, with a period price of 14400 yuan/ton on the front line. The overall aluminum price will continue to be affected by the factors of large output increase. We believe that the aluminum price rebounded in the short term. Suggestions for operation: It is suggested that investors should trade more than a short period of time.