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    Home > Chemicals Industry > New Chemical Materials > Aluminum has recently performed range-bound and needs to remain cautious in the future

    Aluminum has recently performed range-bound and needs to remain cautious in the future

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum 1903 contract opened low at 13375 yuan / ton in the morning, opening bears sharply increased their positions by more than 2,000 lots, Shanghai aluminum recorded a long black line to test 13350 yuan / ton, the low led more into the short flat, Shanghai aluminum then began to climb along the 5-day moving average all the way to 13420 yuan / ton, floating up to the upper band of the Bollinger Band, slightly down at the end, low 13385 yuan / ton, closed at 13395 yuan / ton, up 45 yuan / ton, up 0.
    34%.

    Period aluminum

    In terms of the external market, Lun aluminum opened at 1841 US dollars / ton in the morning, and touched the low price of 1839 US dollars / ton at the open, the Asian trading session rose slightly, mainly in a narrow range of fluctuations, the high level probed 1850 US dollars / ton, the difference between the high and low prices in the Asian market is not large, after entering the European trading session, the market trading atmosphere gradually rose, Lun aluminum began to fluctuate widely, but because there was no clear news guidance, the trend performance was tangled, rushing to the intraday high of 1856 US dollars / ton and then falling back to the low of 1841.
    5 US dollars / ton, as of 17:55, Lun aluminum still did not show a significant recovery, closing at $1845 / ton, although recorded a small white line, but still below the 10-day moving average
    .

    In terms of the market, the performance of aluminum futures rose at the beginning of the month
    .
    The mainstream transaction price in Shanghai was traded between 13300~13310 yuan / ton, and the discount for the current month was between 60~50 yuan / ton
    .
    The transaction price in Wuxi is concentrated in 13300~13310 yuan / ton, and the transaction price in Hangzhou is concentrated between
    13300~13310 yuan / ton.
    The mainstream transaction price increased by more than 50 yuan / ton
    compared with the previous trading day.
    Intraday aluminum rose slightly, holders of price recognition shipments are more active, intermediaries and traders are still active, although the downstream of the day still receives, but due to the price increase, the procurement is obviously not as good as the previous day, the overall transaction in East China is still acceptable
    .
    In the late afternoon, aluminum maintained range fluctuations, the transaction price was concentrated between 13300 ~ 13310 yuan / ton, the monthly discount was concentrated between 60 ~ 50 yuan / ton, and only some traders were traded in the afternoon, and the downstream performance was calm
    .

    Considering that the fundamentals are still dominated by bearish factors, it is still necessary to maintain a cautious attitude towards the trend of aluminum prices and continue to pay attention to the changes in the US dollar index and long and short positions
    .

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