echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > March 14 Shanghai aluminum morning review

    March 14 Shanghai aluminum morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the main force of Shanghai aluminum opened at 13900 yuan / ton, the bulls rushed to increase positions to push up the price of aluminum, the high recorded 13950 yuan / ton, easily by the pressure of short positions increase, the period aluminum fell back down, the low touched 13780 yuan / ton, fell below the 5-day moving average, the risk of short pressure increased, profit exit, long and short closing exit, the main force of Shanghai aluminum around 13840 yuan / ton wide oscillation, closed at 13830 yuan / ton
    of the 5-day moving average.
    The trading volume decreased by 217,000 lots to 129,430 lots, and the open position decreased by 2,842 lots to 297594 lots
    .
    The bearish pressure point moved from the 20-day moving average to the 10-day moving average, and the center of gravity of Shanghai aluminum continued to decline, and it is expected to run 13680~13950 yuan / ton
    within the day.
    Spot discount 100~60 yuan / ton
    .

    Shanghai aluminum

    Overnight Lun aluminum opened at 1880.
    5 US dollars / ton, Asia was affected by Shanghai aluminum before noon, the center of gravity of London aluminum rose slightly, the aluminum repair part of the decline in the late afternoon rebounded, the center of gravity of London aluminum went to a new level, and the high of the Asian market recorded 1892.
    5 US dollars / ton; Entering the European trading session, Lun aluminum under pressure 10/20 daily moving average resistance, fell back to the daily moving average oscillation, in the evening Lun aluminum again tried to rush higher, the high recorded 1897 US dollars / ton, broke through the 10/20 daily moving average, encountered high selling pressure, Lun aluminum fell back to close at 1879.
    5 US dollars / ton
    .
    The trading volume decreased by 4102 lots to 13014 lots, and the position volume decreased by 2018 lots to 725106 lots
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.