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    Home > Chemicals Industry > New Chemical Materials > January 3 aluminum market morning review

    January 3 aluminum market morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    In the night market on Friday, the outer aluminum market rushed back down, showing that the upper selling pressure was heavier, of which the 3-month Lun aluminum only rose slightly by 0.
    24% to 1688 US dollars / ton, down 1.
    17% from the intraday high of 1708 US dollars / ton, and the closing price was close to the low point since October 25 this year, and the current Lun aluminum fell below the moving average group, and the lower support focused on 1650 US dollars / ton
    .

    Aluminum City

    Industry information: In 2017, the number of de-capacity indicators in the coal and steel industries may increase by more than 10%, and at the same time, the scope of de-capacity will be extended to cement, glass, electrolytic aluminum and marine industries
    .

    Market: On December 30, Shanghai trading concentrated 12980-12990 yuan / ton, the monthly premium was 170-210 yuan / ton, Wuxi transaction concentration was 12970-12990 yuan / ton, Hangzhou transaction concentration was 12910-12940 yuan / ton
    .
    On the last trading day of 2016, under the settlement factor, some holders did not ship goods, the circulation source was small, the middleman did not intend to stock on the last day, a small amount was received for the downstream, and the downstream enterprises only purchased according to the demand, and the overall transaction showed the characteristics
    of the New Year.

    In terms of inventory: as of December 30, LME aluminum stocks reported 2205925 tons, an increase of 55,900 tons or 2.
    6% from last week, an increase of two consecutive weeks; In the same period, the aluminum inventory in the previous period reported 100722 tons, a weekly increase of 465 tons, a four-week increase, but far below the average inventory value of 200,000 tons
    during the year.

    Last Friday's night market London aluminum rushed back down, partly suppressed by the US dollar index oscillation strength, but recently Shanghai aluminum performance slightly resisted the decline in Lun aluminum, and short-term aluminum prices continued to fall, below facing technical support M200, that is, 12500 yuan / ton
    .
    Short-term operation needs to be cautious, it is recommended that the Shanghai aluminum 1702 contract can be backed above 12600 yuan to bargain long, the entry reference around 12700 yuan, the target of 12850 yuan
    .

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