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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum fell under pressure and maintained the shock pattern unchanged in the short term

    Shanghai aluminum fell under pressure and maintained the shock pattern unchanged in the short term

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum main 1911 contract opened at 14295 yuan / ton, after the opening of the bulls safe-haven closed the market, Shanghai aluminum lost support shock downward, probed to the lowest level of 14240 yuan / ton, in the second half of the night some short positions, Shanghai aluminum further under pressure to fall, closed at 14265 yuan / ton, down 15 yuan / ton from the opening of the day, down 0.
    11%, the daily K-line fell below the 20-day moving average
    。 Yesterday's Shanghai aluminum contract of the month moved to 1910 contract, SMM statistics Mid-Autumn holiday return electrolytic aluminum slightly accumulated, weaker demand in the fourth quarter and supply pressure concerns hit market bull confidence, it is expected that the main shock of Shanghai aluminum running at 14250-14350 yuan / ton, spot pair in the month is rising 30-50 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on September 16, the domestic spot aluminum price fell, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 14400 yuan / ton, down 150 yuan; The AOO aluminum ingot price in East China was reported at 14460 yuan / ton, down 100 yuan
    .
    China's industry, investment and consumption all missed expectations in August, and weak economic data caused market demand concerns; The Mid-Autumn Festival holiday market accumulated slightly, the market is worried that due to environmental protection and National Day production restrictions, downstream demand will be delayed, and it is expected that Shanghai aluminum will fluctuate weakly today, and spot aluminum prices may fall
    .

    The main monthly 1911 contract of Shanghai aluminum opened at 14295 yuan, with an intraday high of 14315 yuan and a low of 14205 yuan, and closed at 14240 at the end, down 110 yuan / ton
    from the previous trading day.
    Weak domestic economic data has triggered market demand concerns, Shanghai aluminum is under pressure to fall, and it is expected that the trend of aluminum prices will remain unchanged in the short term
    .

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