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    Home > Chemicals Industry > New Chemical Materials > Aluminum has not yet appeared a clear direction to pay attention to downstream consumption stimulus policies

    Aluminum has not yet appeared a clear direction to pay attention to downstream consumption stimulus policies

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1905 contract of Shanghai aluminum opened at 13,600 yuan / ton
    .
    After the opening, it maintained a narrow range around the 5-day moving average, and touched 13600 yuan / ton
    at a high level.
    Subsequently, the bears increased their positions, and some of the long positions chased high in the early stage closed and left the market, and the Shanghai aluminum shock downward pierced the 20/40 daily moving average below, closing at 13505 yuan / ton
    at the end of the session.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1873 US dollars / ton
    in the morning.
    During the Asian session, Lun Aluminum stood at $1875, above the daily moving average, a slight rise was hindered by $1878 / ton
    .
    In the afternoon, the US index continued to rise, almost touching the 97-point mark, Lun aluminum fell below the daily moving average, and opened the road down, entering the European session after repeatedly testing 1868 US dollars / ton, although there was a return to the daily moving average, but the performance was unable to decline, as of 17:43 Lun aluminum reported 1872 US dollars / ton
    .

    In terms of the market, aluminum is mainly
    range-bound before the afternoon.
    The transaction price in Shanghai is between 13680~13700 yuan / ton, and the discount for the month is between 30~10 yuan / ton, the transaction price is basically the same as the previous day, the transaction price in Wuxi is between 13680~13700 yuan / ton, and the transaction price in Hangzhou is between
    13680~13700 yuan / ton.
    During the day, Chalco received more than 5,000 tons
    of goods in East China.
    The market has sufficient supply, the holders are actively shipping, and traders are actively trading, but downstream manufacturers are still mainly purchasing on demand, and the price is not recognized
    .
    The overall transaction in East China is average
    .
    The afternoon transaction price was concentrated around 13660 yuan / ton, and the 30 ~ discount of the month was between 10 yuan / ton, only a small number of transactions between traders, and the downstream performance was light
    .

    During the two sessions, due to the reduction of value-added tax, the cost of goods in the future declined, and the long positions in the early chase closed and exited, resulting in a further decline
    in aluminum prices.
    In addition, the cost downward movement, and the recovery of downstream consumption is still expected, except for the decline in VAT, aluminum prices have not yet shown a clear direction
    .
    Continue to pay attention to the two sessions and pay attention to downstream consumption stimulus policies
    .
    Shanghai Aluminum is expected to try to repair some of the decline.

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