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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to come under pressure, and the trend of weak volatility may continue

    Shanghai aluminum continues to come under pressure, and the trend of weak volatility may continue

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Shanghai aluminum opened at 13330 yuan / ton on Tuesday morning, the initial short pressure of Shanghai aluminum rapid leakage, bulls at the 5-day moving average to enter the rise aluminum price repair part of the decline, bulls a little struggle was hit head-on by the bears, Shanghai aluminum diving recorded a low of 13100 yuan / ton in the day, and then the long and short position increase game under the Shanghai aluminum shock, a small number of short positions closed aluminum prices at 13165 yuan / ton
    at the end of the session.
    The volume increased to 295638 lots, and the open position increased by 12414 lots to 283794 lots
    .
    The pressure under the 5-day line is extremely great for several days, the lower 40-day line support is ahead of Lun aluminum to break the gong, the bears are more active to enter, short-term is expected that Shanghai aluminum will continue to fluctuate weakly, and pay attention to the support ability
    of the 10,000 integer mark below.

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 1725 US dollars / ton in the morning, the Asian session was dragged down by domestic Shanghai aluminum Lun aluminum continued to fall, the low in the afternoon touched 1710 US dollars / ton, the lower 40-day line continued to show support, in the afternoon Lun aluminum repair part of the decline repeatedly up to test the daily average resistance, into the European trading session Lun aluminum continued to maintain a downward test, as of 17:32 Lun aluminum has recorded a low of 1710 US dollars, at 1711.
    5 US dollars / ton, it is expected that Lun aluminum continue to test, pay attention to the effective support of the 40-day moving average

    In terms of the market, aluminum hovered
    at a low level after diving before noon that month.
    Shanghai transaction concentration is 13660-13690 yuan / ton, the discount for the month is 40-30 yuan / ton, Wuxi transaction concentration is 13640-13650 yuan / ton, Hangzhou transaction concentration is 13750-13770 yuan / ton
    .
    Aluminum leaked in the month, holders of panic, have taken the initiative to reduce prices and sell, the market circulation of the flood, the market consensus that aluminum prices will continue to fall, wait-and-see sentiment is extremely strong, downstream enterprises only on demand procurement, although the recent aluminum price fell sharply, but still not reached the downstream affordable price range, so the overall downstream purchase volume has not seen a significant recovery, the overall transaction is cold
    。 In the late afternoon, aluminum fluctuated at the low level of the month, there were few inquiries in the market, and the quotations of holders remained unchanged, Shanghai 13660-13690 yuan / ton, Wuxi 13640-13650 yuan / ton, the receiver was bearish tomorrow's price, almost no transaction
    .

    In general, the deterioration trend of the entire supply side has become clear, and the new production will promote the excess of aluminum, and it may be difficult for aluminum prices to improve in the later stage
    .
    On the plate, the Shanghai aluminum 5-day moving average continues to come under pressure, or continues to fluctuate weakly, and the center of gravity continues to shift down, maintaining the idea
    of selling short at the high.

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