Chinese imports fell in September to expand, the yuan heavy volume fell, European stocks down, crude oil prices fell overnight aluminum cable prices from below $ 1,600 / ton mark integer first bottom, aluminum cable price touched an intraday low of $ 1,573 / ton, but the technical side 5-day online wear 20-day moving average to form support, along with aluminum cable price rebounded, closing a long lower shadow, solid late again to restore more than 5-day moving average and 60-day moving average pressure, aluminum cable late to close at $ 1,592 / ton, down 1.5 US dollars/ton, volume 614 hands to reduce 13043 hands, hand positions increased to 820 000 2442 hand, short jiacang based.
Overnight main Shanghai aluminum futures opened slightly lower at 11,470 yuan/ton, quickly pulled up and hit 11,590 yuan/ton in the evening, but still above the short-selling pressure, 5-day moving average resistance is strong, and aluminum prices fell again to 11,490 yuan/ton Finishing nearby. Daytime aluminum material will remain around 11,500 yuan/ton mark integer fight, run 11420-11520 yuan/ton. Spot market supply abundant, weak downstream, if aluminum prices held steady today, is expected to zoom to discount cash discount between 40 to flat water.