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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continued to oscillate at a low level, showing a surge and falling again within the day

    Shanghai aluminum continued to oscillate at a low level, showing a surge and falling again within the day

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    Today, the main contract of Shanghai aluminum 1802 contract continued to oscillate at a low level, and once again showed a surge and a fall during the day, performing slightly more resistant to falling than other non-ferrous metals, trading range of 14785-14590 yuan / ton, closing at 14620 yuan / ton, down 0.
    17% per day, the decline slowed down
    .
    Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between the Shanghai aluminum 1801 contract and the 1802 contract narrowed slightly to 90 yuan / ton
    .

    Shanghai aluminum

    In terms of the external market, Asian Lun aluminum around 2070 US dollars / ton around a narrow range, of which 3 months Lun aluminum trading at 2076-2062 US dollars / ton, now trading around 2068 US dollars / ton, a slight daily decline of 0.
    07%, the current Lun aluminum is still running below the recent oscillation finishing platform, short-term decline risk remains, pay attention to the support
    of 2030 US dollars / ton below in the evening.

    On the macro front, the Asian dollar index oscillated around the weak around 93 and remained on the oscillation finishing platform
    for more than a week.
    China's Caixin manufacturing PMI came in at 51.
    9% in November, up 0.
    7% month-on-month, the fastest growth in three months, indicating that the expansion of China's service sector has accelerated
    .

    In terms of the market, on December 5, Shanghai aluminum trading concentrated 14400-14410 yuan / ton, the discount for the month was 170-150 yuan / ton, Wuxi transaction concentrated 14400-14410 yuan / ton, Hangzhou transaction concentrated 14400-14410 yuan / ton
    .
    Aluminum fell, holders maintained the discount, middlemen's willingness to receive goods weakened, downstream enterprise procurement was almost completed, and the transaction fell and fell
    .
    Throughout the afternoon, the overall transaction remained stable, and the transaction was hot before and then cold
    .

    During the day, Shanghai aluminum 1802 oscillation sorted out to 14620 yuan / ton, still running under the moving average group, the technical form is weak, short-term aluminum market bearish atmosphere is strong, but after continuing to fall, aluminum prices have fallen to around 14600 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
    .
    It is recommended that the Shanghai aluminum 1802 contract can sell high and low in the range of 14550-14850 yuan, and the stop loss is 100 yuan / ton
    each.

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