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    Home > Chemicals Industry > New Chemical Materials > At the end of the year, the price of Shanghai aluminum pulled back slightly

    At the end of the year, the price of Shanghai aluminum pulled back slightly

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum 1902 contract opened at 13830 yuan / ton in the morning, continuing the strong trend overnight before noon, the center of gravity moved slightly upward, the running path was basically above the daily moving average, twice touched a high of 13865 yuan / ton, the highest touched 13870 yuan / ton
    .
    In the afternoon, the bulls left the market at a high level, and the Shanghai aluminum turned down and began to fall all the way, falling below the daily moving average, touching the lowest point of the day of 13785 yuan / ton, and finally closing at 13790 yuan / ton, up 30 yuan / ton, or 0.
    22%, closing at the small black line, and the center of gravity jumped above
    almost all moving averages.

    Shanghai aluminum

    In terms of external trading, the outer market is closed for Christmas
    .

    In terms of the market, the opening of the month basically maintained range-bound volatility, and the overall center of gravity moved
    slightly up.
    The transaction price in Shanghai within the day is between 13680~13690 yuan / ton, and the discount of 100 ~ 90 yuan / ton for the current month, traders and middlemen are still less likely to purchase the next month's ticket goods due to the year-end settlement problem, and the next month's goods discount is larger, between 120 ~ 100 yuan / ton
    .
    The transaction price of Wuxi is concentrated in 13680~13690 yuan / ton, and the transaction price in Hangzhou is concentrated between 13680~13700 yuan / ton, and the mainstream transaction price is nearly 60 yuan / ton compared with the previous day
    .

    During the day, large households did not receive goods in East China, the market supply was sufficient, and the cargo holders were very active
    .
    In the first trading stage, some traders who did arbitrage trading took into account the large basis and still received some goods, and in the second trading stage, the market moved down slightly, and the market became ship-based
    .
    Because it is close to the end of the year, some traders have closed the settlement at the end of the year, and there is still no obvious stock within the day, and they basically purchase
    on demand.
    Aluminum downward in the late afternoon, the decline is faster, the market quotation is chaotic, concentrated between 13660 ~ 13690 yuan / ton, the discount of the month 70 ~ 80 yuan / ton, because the price is more chaotic, superimposed on the afternoon market is slightly light, the actual transaction is less
    .

    Intraday colored plate red and green, because aluminum itself stability posture is difficult to get the favor of funds, coupled with the near end of the year market traders funds withdrawn, the afternoon aluminum price slightly pullback, giving back part of the overnight gains, is expected to continue to test the 40-day moving average support, continue to pay attention to the surrounding metal changes and aluminum itself long and short movements
    .

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