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    Home > Chemicals Industry > New Chemical Materials > Bears' confidence is obviously insufficient, and aluminum prices have recorded a large increase

    Bears' confidence is obviously insufficient, and aluminum prices have recorded a large increase

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Thursday, the main 2008 contract of Shanghai aluminum opened at 14165 yuan / ton in the morning, and the short position was reduced by more than 1800 lots in the opening 30 minutes, and the aluminum price opened
    upward.
    Subsequently, the bulls followed the trend and continued to lift aluminum prices up
    .
    In the afternoon, bulls continued to lift aluminum prices, and aluminum prices reached a daily high of 14315 yuan / ton
    .
    Later, the long-short game was the mainstay, and the price of aluminum fluctuated in the short term around 14285 yuan / ton, and the end of the session was dominated by long profit exit, recording a doji, closing at 14290 yuan / ton
    .

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1666 US dollars / ton in the morning, and during the Asian session, the price of Lun aluminum rose steadily, and as of 15:00 Lun aluminum was reported at 1679.
    5 US dollars / ton
    .
    During the European session, Lun aluminum continued its upward trend, and as of 16:55, Lun aluminum was pulled to a daily high of 1690.
    5 US dollars / ton
    .
    Daily K temporarily closed the long white line, up $29.
    5/ton, or 1.
    77%,
    from the opening of the day.

    In terms of the market, aluminum fluctuated upward before
    noon.
    In the afternoon, the spot price in Shanghai was between 14520-14540 yuan / ton, and the price in Wuxi was between 14530-14550 yuan / ton, which was nearly 190 yuan / ton higher than the previous day, and the premium was concentrated between 60-90 yuan / ton, and the price in Hangzhou was between
    14520-14540 yuan / ton.
    The supply of goods in the morning market is extremely tight, the number of receivers overwhelmingly exceeds the shippers, the quotation of the holder is firm, the shipment is smooth, but the market is still unsatisfactory due to the lack of stock transactions, although a large household normally announces the purchase plan, but from the price point of view, the actual transaction is not expected
    .
    Downstream intraday on-demand goods are the mainstay, and the sharp rise in aluminum prices inhibits its willingness to
    receive goods.
    The overall intraday transaction in East China was poor
    .
    In the late afternoon, aluminum oscillated upward, East China holders quotation span is large, between 14560-14600 yuan / ton, the opposite plate premium between 60-80 yuan / ton, only a small number of transactions between traders, almost no
    downstream.

    At present, inventory warehouse receipts are still at a low level, aluminum price fundamentals are still strongly supported, bears confidence is obviously insufficient, and aluminum prices have recorded a large increase
    .
    The material is still dominated by strong oscillations
    .

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