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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum fell back after rising slightly, and the overall transaction of the market was acceptable

    Shanghai aluminum fell back after rising slightly, and the overall transaction of the market was acceptable

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Monday, the main 1810 contract of Shanghai aluminum opened at 14420 yuan / ton in the morning, and after the opening, long positions increased, Shanghai aluminum rose slightly by 14445 yuan / ton, recording a doji, market confidence was insufficient, and then the bulls took profits and left the market, and Shanghai aluminum fell to 14385 yuan / ton
    Affected by the support of the 5-day moving average and the support below, Shanghai aluminum gently reversed its trend, rising along the 5-day moving average all the way to the intraday high of 14470 yuan / ton, and the price fell slightly at the end of the day, closing at 14455 yuan / ton

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 2038 US dollars / ton, opened slightly higher 2045 US dollars / ton, the Asian trading session market activity is not high, Lun aluminum basically around 2040 US dollars a line oscillation, the range does not exceed 10 US dollars / ton
    After entering the European trading session, Lun Aluminum began to climb along the daily average due to the good fundamentals, straight to the intraday high price of 2084.
    5 US dollars / ton, recovering the decline of six days, and finishing the price at 2081 US dollars / ton at the end of the day, as of 17:55, it closed at 2081.
    5 US dollars / ton, up 46 US dollars / ton, or 2.

    In terms of spot, aluminum fell slightly higher in the early afternoon month, the operating range was concentrated in 14350~14370 yuan / ton, Shanghai spot trading concentrated 14320-14330 yuan / ton, the discount for the month 50-40 yuan / ton, Wuxi spot transaction 14310-14330 yuan / ton, Hangzhou spot transaction 14330-14340 yuan / ton
    There are many shippers in the East China market within the day, and the market circulation is abundant, but the quotation is relatively deadlocked, and the willingness to dump goods is not shown, and the downstream and middlemen take the goods
    at the bottom.
    The afternoon trading price was concentrated at about 14415-14425 yuan / ton, and the overall transaction of the market was

    On the one hand, the supply and demand side of overseas alumina is tight, and the strike negotiations of Alcoa factories have not made real progress, on the other hand, China's aluminum export exports have decreased, which in the short term has kept foreign aluminum metal in short supply
    It is expected to continue to test the 5-day moving average
    in the short term.
    Continue to pay attention to the US dollar index and internal related developments

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