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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum has obvious resistance to falls, and the short-term rebound pattern still exists

    Shanghai aluminum has obvious resistance to falls, and the short-term rebound pattern still exists

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract 1705 fell under pressure, the operating range was 14145-13905 yuan / ton, and the end closed at 14005 yuan / ton, down 0.
    64% per day, but still effectively stabilized above the moving average group, and the upper rebound resistance focused on 14300 yuan / ton, far resisting the decline of other base metals
    .
    At the same time, the positive price difference between Shanghai-aluminum 1704 and 1705 contracts narrowed to 90 yuan / ton, indicating that the forward contract has increased
    its willingness to decline.

    Shanghai aluminum

    Externally: Ashi Lun aluminum fell slightly under pressure, the performance resisted the decline in other base metals, the operating range was 1965-1943 US dollars / ton, of which 3 months Lun aluminum slightly fell 0.
    1% to 1951 US dollars / ton, at present Lun aluminum is still stable above the moving average group, its upper rebound resistance focus on 2000 US dollars / ton
    .

    Macro: The Asian dollar index rebounded and is now trading around 100.
    69 as market panic rises as the U.
    S.
    cruise missile attack on a Syrian air base rises, gold and silver rise strongly, while base metals are under pressure and decline, in addition, focus on the US March non-farm payrolls data tonight, which is expected to perform strongly
    .
    Aluminium Bahrain said on Thursday that it had resumed all safe and stable operations
    at its plant after a temporary power outage on April 5.

    Market: On April 7, Shanghai aluminum trading concentrated 13830-13840 yuan / ton, the discount for the month was 150-130 yuan / ton, Wuxi transaction concentration was 13820-13840 yuan / ton, Hangzhou transaction concentration was 13840-13860 yuan / ton
    .
    Holders are actively shipping at a high level, middlemen are difficult to find high discount to receive goods, the transaction is limited, this week due to the high spot price, downstream enterprises are negative willingness to receive goods, the overall transaction high price is suppressed
    .

    During the day, the Shanghai aluminum 1705 contract fell under pressure to 14005 yuan / ton, effectively running above the moving average group, and its technical form was stronger than other base metals, and the short-term rebound pattern remained
    .
    It is recommended that the Shanghai aluminum 1705 contract can be backed by 13880 yuan above the dip, the entry reference is around 13980 yuan, and the target is 14250 yuan / ton
    .

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