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    Home > Chemicals Industry > New Chemical Materials > A brief review of the aluminum market on November 14

    A brief review of the aluminum market on November 14

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1912 contract of Shanghai aluminum opened at 13805 yuan / ton
    in the morning.
    Before noon, long and short positions increased each other, the game intensified, and Shanghai aluminum maintained a narrow range of oscillations
    .
    Before the short entry, the low of Shanghai aluminum touched 13790 yuan / ton, and the long entry of Shanghai aluminum rebounded slightly to touch the high of 13820 yuan / ton
    .
    In the afternoon, Shanghai aluminum continued to maintain a narrow range of oscillation, and some short profits left the market to close at 13805 yuan / ton, showing a doji.

    Nanchu Foshan aluminum ingot quotation 13800-13860 yuan, the average price of 13830 yuan, down 30 yuan, the discount for the month 255 yuan, the absolute price is low, the holder is reluctant to sell, the circulation of goods is tightened, downstream and traders are excited, and the spot trend has slowed down
    .
    The mainstream transaction price is concentrated between 13820-13840 yuan, which is -10~10 yuan
    higher than the average price of Foshan in the South Reserve.

    Nanchu Wuxi aluminum ingot quotation 13880-13920 yuan, the average price of 13900 yuan, down 20, the discount for the month 190
    .
    Yangtze River: 13880-13920, 13900, flat
    .
    The shippers' shipments are stable, the circulating supply in the market is still abundant, and the overall transaction is average
    .
    The spot transaction price is concentrated in 13890-13900 yuan, which is -10~0 yuan higher than the average price of Wuxi in the South Reserve
    .

    It is expected that it will be difficult for Shanghai aluminum to rebound significantly before delivery, and it is still necessary to pay attention to tomorrow's inventory changes to verify the sustainability of weakening consumption
    .
    It is expected that Shanghai aluminum will be difficult to form a significant rebound and maintain a weak shock
    .

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