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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continued to rise during the day Pay attention to the upper rebound resistance

    Shanghai aluminum continued to rise during the day Pay attention to the upper rebound resistance

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1609 contract continued to rise, rising to 12650 yuan / ton at the end of the day, up 0.
    68%
    from Friday's closing price.
    The short-term Shanghai aluminum upward breakthrough shows that the bulls are dominant, and the upper rebound resistance focuses on 12800 yuan / ton
    .

    Shanghai aluminum

    External: today's Asian Lun aluminum oscillation slightly rose, of which 3-month Lun aluminum rose slightly 0.
    3% to 1664 US dollars / ton, still close to the recent high (1672 US dollars / ton), the overall maintenance of nearly a week high oscillation finishing platform, performance resistance to other base metals, showing its intrinsic willingness to rise, short-term operating range focus on 1600-1680 US dollars / ton
    .

    Macro: The Asian dollar index oscillated higher, now trading around 96.
    6, the same as non-ferrous metals, as the US non-farm payrolls data in June unexpectedly increased by 287,000, far exceeding expectations of 180,000 and the previous value of 38,000.

    In addition, China's June CPI rose 1.
    9% year-on-year, PPI fell 2.
    6% year-on-year, and the year-on-year decline continued to narrow, but China's PPI fell 0.
    2% month-on-month in June and rose 0.
    5% in May, as prices in some industrial sectors turned from rising to falling, and June inflation data hinted that domestic deflation risks remained
    .

    Market: On July 11, Shanghai aluminum trading concentrated 13150-13160 yuan / ton, and the premium for the month was 50-60 yuan / ton
    .
    Holders are actively shipping at high prices, Weiqiao aluminum ingots newly registered as warehouse receipts have been circulated in Shanghai and Wuxi, Shanghai downstream demand is poor, middlemen and downstream receiving goods are cold, Wuxi middlemen and downstream enterprises are more willing to receive goods than Shanghai, the overall transaction is cooler than last Friday, and showing regional differentiation
    .

    Today's Shanghai aluminum 1609 contract oscillation strengthened to 12650 yuan / ton, continue to stabilize on the average group of operation, in the past week Shanghai aluminum performance is much stronger than other base metals, showing its intrinsic willingness to rise, due to the southern heavy rain caused by the domestic aluminum inventory continues to decline, but the current aluminum price has not got rid of the high oscillation finishing trend, it is recommended that the operation still needs to be cautious
    .
    It is recommended that the Shanghai-aluminum 1609 contract can be sold high and low between 12500-12750 yuan, and the stop loss is 100 yuan / ton
    each.

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