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    Home > Chemicals Industry > New Chemical Materials > Aluminum weak shock short-term wait-and-see

    Aluminum weak shock short-term wait-and-see

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Wednesday morning, the main force of Shanghai aluminum opened at 14660 yuan / ton, the main force of Shanghai aluminum touched 14580 yuan / ton at the beginning of the session, and then the short position was closed, the main force of Shanghai aluminum recovered to a high of 14640 yuan / ton, and in the afternoon under the long-short liquidation, the main center of gravity of Shanghai aluminum moved down slightly, and again fell to 14590 yuan / ton, closing at 14600 yuan / ton
    .

    Period aluminum

    In terms of external trading, in the morning, Lun aluminum opened at 2266 US dollars / ton, Asian session, Lun aluminum around the daily moving average oscillation, European session, Eurozone data is less than expected, the US index rose to 93.
    975, base metals mostly fell, Lun aluminum opened a decline mode, the low recorded 2241 US dollars / ton, as of 17:12, Lun aluminum recorded 2246.
    5 US dollars / ton, the Federal Reserve minutes released in the early stage, the US index is turbulent, Lun aluminum will be affected, Lun aluminum is under heavy pressure
    .

    In terms of the market, aluminum will first decline and then rise
    .
    Shanghai transaction concentration 14490 ~ 14500 yuan / ton, the discount for the month 80 ~ 70 yuan / ton, Wuxi transaction concentration 14490 ~ 14500 yuan / ton, Hangzhou transaction concentration 14500 ~ 14520 yuan / ton
    .
    In the early stage of the transaction, the market transaction price was concentrated at 14470~14480 yuan / ton, and the later plate rose, the spot price was adjusted, and the cargo attitude of the holders was still positive, but the spot discount showed no signs of expansion, the trade between the middlemen was more frequent than the previous day, the spot price fell sharply, the downstream enterprises wait-and-see sentiment breeded, and the overall transaction fell slightly compared with yesterday
    .
    In the late afternoon, aluminum moved down, and the transaction in East China moved down to 14480~14490 yuan / ton
    .

    In terms of news, in April this year, Russian primary aluminum production increased by 35.
    8% year-on-year, up 31.
    7% month-on-month, foreign supply concerns dissipated, putting greater pressure on external aluminum prices, but the domestic spot price was supported by alumina tightly, while aluminum ingot social inventory continued to fall, the current macro market sentiment eased, downstream destocking demand is still continuing, aluminum prices overall decline is limited
    .
    Technically, the main KDJ dead fork and MACD golden cross of Shanghai aluminum, the huge gap above the short-term is difficult to repair, and the price will seek 60-day moving average support after falling below the short-term moving average, and the operation is mainly
    wait-and-see.

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