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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum high pulls up short-term is expected to maintain high volatility

    Shanghai aluminum high pulls up short-term is expected to maintain high volatility

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Shanghai aluminum high this week, Shanghai aluminum main force broke through 19,000 after continuing to rise, as of the close, the main 2107 contract closed up at 19195, the weekly cumulative increase of 5.
    01%; The domestic industrial PPI data performed brilliantly during the week, driving bullish enthusiasm in the market; In addition, because the impact of the dumping is better than market expectations, superimposed on the continuation of the consumption cycle in the peak season, the aluminum price that has been under pressure for a long time under multiple favorable stimuli ushered in a new round of sharp rebound, short-term Shanghai aluminum maintenance high volatility, the main focus on 1.
    85-19,300 range fluctuations, but still recommended cautious chasing up, aluminum prices rise to a high level of risk also become larger, the follow-up need to be vigilant against the country's further control measures, the operation can be high take profit, downstream a small amount of on-demand replenishment, it is expected that next week spot aluminum continues to run at a high level
    .

    Shanghai aluminum

    In terms of external trading, Lun aluminum rose steadily this week, rising above 2500 again at the end of the day, reaching a maximum of $2505, an overall increase of nearly 1.
    7% during the week; From the current market point of view, in the context of the continuation of macro easing policy, the market bullish sentiment still exists, and long funds enter to raise aluminum prices; However, with inflation in Europe and the United States exceeding expectations, and the US non-farm payrolls data has been greatly improved compared with previous periods, the subsequent monetary policy may have certain tightening expectations, and it is expected that the upside of London aluminum next week is limited, focusing on the fluctuation of the 2440-2540 range
    .

    In terms of the market, prices rose again, traders' enthusiasm to enter the market was once again driven, while downstream companies mostly maintained on-demand buying, and the receiving situation on Friday improved, and the overall market transaction was average
    .

    East China, bearish in advance is digested, and the storage object is mainly for downstream terminal enterprises, the impact on electrolytic aluminum is limited, this week aluminum prices in the supply side support, strong rebound, especially Friday, the rise is outstanding, as of Friday, East China spot aluminum prices between 18810-18850 yuan / ton, up 570 yuan from last Friday, up 3.
    12%.

    。 In South China, as of Friday, the price of Foshan Nanhai aluminum ingot ticket was between 19240-19340 yuan / ton, up 490 yuan / ton from last Friday, an increase of 2.
    6%; At present, due to the continuous fermentation of the epidemic in Guangdong, the downstream spot market transportation has also been affected to a certain extent, dragging down some transactions
    .

    This week, Shanghai aluminum rose at a high level, and the main force of Shanghai aluminum continued to rise after breaking through 19,000, with a cumulative weekly increase of 5.
    01%; In the short term, Shanghai aluminum is expected to maintain high volatility, mainly focusing on the fluctuation of 1.
    85-19,300 ranges, but it is still recommended to be cautious to chase the rise, and the operation can be high and take profit
    .

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