Shanghai Aluminum expects to rise higher on the 3rd

On Thursday, the London Metal Exchange (LME) closed higher. LME aluminum closed at 2,762.50 US dollars / ton, compared with the previous trading day up 22.50 US dollars / ton, or 0.82%. Although some technical selling at the beginning of the session put a certain downward pressure on aluminum prices, the rise in gold prices has also pushed up aluminum prices.
Domestically, the price has already risen from the previous period due to news that China announced that it would lower the import tax on alumina and raise the aluminum export tax, and that China Aluminum lowered its alumina price to 2,500 yuan/ton since November 1. There has been a sharp drop in points. Moreover, judging from the market reaction of Shanghai Aluminum in the previous two days, the strong characteristics of aluminum are still more obvious. Although short-term, aluminum futures weakened due to the above two factors, but in the long term, the decline in aluminum stocks and the strong demand in Europe still support aluminum prices continue to rise.
Shanghai Aluminum is expected to rise higher today.
Operation, long-term more than one single continue to hold.