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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continued to fall under pressure short-term attention to the integer mark support

    Shanghai aluminum continued to fall under pressure short-term attention to the integer mark support

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 1801 contract continued to fall under pressure, further expanding the decline, showing that the upper selling pressure was heavier, trading at 14730-15025 yuan / ton within the day, and closing at 14765 yuan / ton at the end, down 1.
    8% per day, further falling below the low oscillation platform built in the previous four trading days, and Shanghai aluminum went to the next line
    .
    At present, aluminum prices are running below the moving average group, indicating that the downside risk has not been lifted
    .
    At the same time, the positive price difference between Shanghai-aluminum 1801 and 1802 contracts widened to 100 yuan / ton, maintaining a positive arrangement
    of near, low, far and high.

    Shanghai aluminum

    In terms of external trading, the Asian market Lun aluminum oscillation declined, of which 3 months Lun aluminum trading at 2135-2113 yuan / ton, now trading around 2121 US dollars / ton, down 0.
    49% per day, the current Lun aluminum is still running below the recent oscillation finishing platform, short-term decline risk remains
    .
    In the evening, focus on the support of $2068/ton below, but its technical form is slightly stronger than that of Shanghai aluminum
    .

    On the macro front, the Asian dollar index rebounded weakly, fell into low oscillations, and is now trading around
    92.
    94.
    The annualized total of new home sales in the United States after the October quarterly adjustment was 685,000, better than the expected 625,000, and the revised 645,000 in September was 667,000
    .
    Watch today for the preliminary US wholesale inventories for October, the morning Fed officials' speeches, and the evening hearings
    on the nomination of Fed Chairman Jerome Powell.
    In terms of information, the Environmental Protection Department of Hebei Province recently issued the "Urgent Notice on the Issuance of Pollution Discharge Permits for Key Industries in accordance with laws and regulations", requiring all cities to complete the issuance
    of pollution discharge permits for 11 key industries, including petrochemicals, non-ferrous metals and coking, by the end of November.

    In terms of the market, on November 28, Shanghai aluminum trading concentrated 14500-14560 yuan / ton, the discount for the month was 170-150 yuan / ton, Wuxi transaction concentrated 14490-14560 yuan / ton, Hangzhou transaction concentrated 14580-14590 yuan / ton
    .
    Aluminum fell sharply in the future, the spot discount did not narrow, the shipment attitude of the holders converged slightly, the market bearish atmosphere was strong, the middlemen wait-and-see, the downstream enterprises were bearish on the aluminum price on demand procurement, and the overall transaction performance price fell
    together.

    During the day, Shanghai aluminum 1801 under pressure continued to fall to 14765 yuan / ton, still running under the moving average group, the technical form is weak, short-term aluminum market bearish atmosphere is strong, but after the continuous decline, aluminum prices have fallen to around 14800 yuan, short-term need to pay attention to the integer mark support, if there are signs of stabilization, then short orders pay attention to reduce positions and leave the market
    .
    The Shanghai aluminum 1801 contract can be sold high and low in the range of 14600-14900 yuan, and the stop loss is 100 yuan / ton
    each.

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