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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on March 26

    Brief review of the aluminum market on March 26

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Aluminum market review: On Monday, the Shanghai aluminum main 1905 contract opened at 13,700 yuan / ton in the morning, and a long lower shadow black line was recorded at the open, and the low touched 13,660 yuan / ton
    。 In the first trading stage, Shanghai aluminum around the daily moving average narrow range after the rapid fall to 13625 yuan / ton, after entering the second trading stage, some bears lack of confidence began to reduce positions, Shanghai aluminum slightly rose but did not break through the upper 20-day moving average resistance, the upward is less than the second decline in the day fell to the lowest point of 13620 yuan / ton, because there is still some support below, the end of the short rise, stopped at 13665 yuan / ton, closed at 13645 yuan / ton, closed at the small black line, located below the 5/10 daily moving average

    Aluminum City

    Nanchu South China aluminum ingot quotation 13930-14030 yuan, the average price of 13980 yuan, down 20, the current month premium 330 yuan, the premium expanded, traders received goods enthusiasm is insufficient, holders hold up the price of shipment, trading slightly deadlocked, the overall weak
    .
    The mainstream transaction price is concentrated in the range of 13950-13990 yuan, which is -30~10 yuan
    higher than the average price of South China Reserve.

    The quotation of Nanchu East China aluminum ingots was 13950-13990 yuan, and the average price was 13970 yuan, down 50
    .
    Yangtze River: 13960-14000, 13980 down 50
    .
    The intraday premium continued to expand, the sentiment of traders receiving goods converged significantly, the market circulation was abundant, and the transaction fell before noon, the transaction price was between 13950-13980 yuan, which was -20~10 yuan higher than the average price of South Reserve East China
    .

    Crude oil fell sharply during the day, the overall market of the futures market was weak, non-ferrous metals were under pressure almost across the board, and aluminum metal was stable compared with other metals, closing at 13645 yuan / ton, down 0.
    73%.

    Pay attention to the dynamics of surrounding metals, or will have a certain impact
    on the trend of aluminum in the future.

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