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    Home > Chemicals Industry > New Chemical Materials > High bulls took profits and left the market Shanghai aluminum fell slightly

    High bulls took profits and left the market Shanghai aluminum fell slightly

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, the main contract of Shanghai aluminum 2002 opened at 14080 yuan / ton
    in the morning.
    After the opening, the bulls took the initiative to enter, the high of Shanghai aluminum touched the 10-day moving average position of 14145 yuan / ton, the high bulls took profits and left the market, Shanghai aluminum slightly retreated behind the long and short still left each other, and the overall capital left the market before the afternoon
    .
    In the afternoon, bulls maintained their position reduction, Shanghai aluminum gave up the day's gains, fell to a low below the 5-day moving average touched 14065 yuan / ton, and closed at 14090 yuan / ton
    at the end of the session.

    Shanghai aluminum

    In terms of external disk, Lun aluminum opened at 1805.
    5 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum maintained a weak shock, the afternoon low touched the 10-day moving average of 1803.
    5 US dollars / ton, and Shanghai aluminum rose slightly in the afternoon, as of 15:00 Lun aluminum was reported at 1812 US dollars / ton
    .
    During the European session, Lun aluminum continued its strong trend in the afternoon, touching the 5-day moving average of $1816 / ton at a high level
    .
    The US index that continues to be low will make Lun aluminum maintain high volatility, coupled with the continuous decline of LME aluminum inventory from increase to decline, it is expected that Lun aluminum will remain high volatility
    .

    The caliber of the futures market data in the previous period was uniformly adjusted to unilateral, and the overall opening of non-ferrous metals was higher due to the impact of the RRR reduction in the New Year
    .
    After the aluminum ingot inventory data continued to maintain accumulation, the increase in arrivals and the weakening of downstream demand before the Spring Festival made the inventory turn from falling to increasing, and there was no accident before the Spring Festival will continue to accumulate, and Shanghai aluminum is under pressure
    above.
    It is expected that Shanghai aluminum has the possibility
    of weakening and testing the 20-day moving average.
    Aluminum rose at the beginning of the month and maintained range fluctuations
    before noon.
    The trading price of Shanghai and Wuxi markets was traded between 14550~14570 yuan / ton, the premium of the month was 150~170 yuan / ton, the transaction price of Hangzhou was concentrated between 14550~14570 yuan / ton, and the mainstream transaction price in East China increased by about
    40 yuan / ton compared with the previous trading day.

    After returning on New Year's Day, affected by macro news, aluminum prices rose at the open, but the market obviously showed that there were not many circulating sources, there were not many brands that could be circulated, although the middlemen had the willingness to receive goods but could not be satisfied, the holders did not ship much, and there were not many brands in their hands, and the two sides traded deadlocked
    .
    Downstream did not show an active receiving state after New Year's Day, mainly because the sharp rise in aluminum prices inhibited demand, and most downstream manufacturers have entered the state of holiday before the Spring Festival, and the willingness to purchase and prepare is gradually weakening
    .

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