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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum contracts fell slightly under pressure, and the performance was slightly resistant to falling in the external market

    Shanghai aluminum contracts fell slightly under pressure, and the performance was slightly resistant to falling in the external market

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Thursday, the main contract of Shanghai aluminum 1806 contract fell slightly under pressure, with an operating range of 14485-14340 yuan / ton, and closed at 14365 yuan / ton at the end of the day, down 0.
    28% on the day, and the intraday trading was light
    .
    Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between the Shanghai aluminum 1806 contract and the 1807 contract slightly widened to 85 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, Ascalon aluminum fluctuated in a narrow range around 2225 US dollars / ton, of which the 3-month LME aluminum reported 2225 US dollars / ton, down 0.
    43% per day, falling back to the level of April 10 this year, as the United States considered slowing down sanctions against Rusal, Lun aluminum short-term operating range focus on 2165-2300 US dollars / ton
    .

    In terms of the market, on April 25, Shanghai aluminum trading concentrated 14340-14360 yuan / ton, the monthly premium was 20-30 yuan / ton, Wuxi transaction concentration was 14340-14360 yuan / ton, Hangzhou transaction concentration was 14370-14390 yuan / ton
    .
    The transaction volume of Shanghai Wuxi next month's ticket is concentrated 14310-14330 yuan / ton, the discount of the current month is 10 yuan / ton to flat water, the spot price difference of the next month's ticket of the month narrows by 20 yuan / ton, the carrier shipments are stable, the middleman is cautious to receive the goods, the downstream enterprises begin to stock the May Day holiday, and the overall transaction is general
    .

    In terms of inventory, on April 26, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipt): the total inventory of aluminum ingots in 8 places was 2.
    210 million tons, down 38,000 tons from last Thursday

    Market News:

    1.
    Glencore, Rusal's larger aluminum buyer, has restarted its work on purchasing aluminum from the Russian company after the U.
    S.
    Treasury Department eased its sanctions stance
    .
    After weeks of chaos, the aluminum market began to improve
    .

    2.
    The construction of 40MN extruder aluminum extrusion intelligent production line is of landmark significance to the development of China's aluminum extrusion industry, and also has important enlightenment for China's aluminum processing industry, marking that the aluminum processing industry in the new era has entered a new stage
    .

    During the day, Shanghai aluminum 1806 fell back to 14365 yuan / ton under pressure, indicating that there was a certain selling pressure above, but its performance was slightly resistant to the decline of Lun aluminum, and continued to pay attention to the performance
    of the external market in the short term.
    Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed by 14580 yuan below the sky, and the entry reference is around 14450 yuan, and the target is 14300 yuan / ton
    .

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