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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum is prone to fall and rise in the short term, and the downward range and speed may slow down

    Shanghai aluminum is prone to fall and rise in the short term, and the downward range and speed may slow down

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    On Friday, the main contract of Shanghai aluminum opened at 14615 yuan / ton in the morning, after the opening, Shanghai aluminum under pressure 5-day moving average weak shock, the low touched 14530 yuan / ton, closed at 14600 yuan / ton, Shanghai aluminum index position increased 7206 hands to 832176 lots
    .
    It is expected that next week, aluminum prices will hold the bottom position, shock and consolidation
    .
    Shanghai aluminum main contract to 1802 contract, in the inventory pressure is still large, consumer demand is difficult to improve, electrolytic aluminum enterprise cost side has further downward space, although the bulls have signs of bargain buying, but short more force is far less than the long-term and coverage of the short layout, aluminum prices are easy to fall and difficult to rise logic to maintain, but the downward range and speed may slow down, it is expected that next week Shanghai aluminum 1802 contract will run at 14400 ~ 14800 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, in the morning, Lun aluminum opened at 2045 US dollars / ton, the base metal collective dip at the beginning of the session, and then boosted by the weakening of the US dollar crude oil, the center of gravity of Lun aluminum slowly moved up, entering the European trading session to maintain the upward momentum, the high touched 2061.
    5 US dollars / ton, as of 17:24, Lun aluminum reported 2060 US dollars / ton, the Shanghai-London ratio rose slightly this week, considering that there is still a shortage overseas, and LME aluminum inventories continue to decline, it is expected that Lun aluminum performance will continue to be stronger than Shanghai aluminum, and the positive set of theory is sustainable, Next week or will run at 2025~2075 US dollars / ton
    .

    In terms of the market, the Shanghai transaction concentration was 14270-14290 yuan / ton before the afternoon, the discount for the month was 180-170 yuan / ton, the Wuxi transaction concentration was 14260-14280 yuan / ton, and the Hangzhou transaction concentration was 14270-14290 yuan / ton
    .
    Aluminum stops falling, the discount expands, the holder due to the small value preservation price difference, the enthusiasm of the shipment attitude declines, the middleman believes that the discount will continue to expand, the willingness to receive goods is not strong, downstream enterprises purchase on demand, the overall purchase volume of weekend factors has improved, the overall transaction has picked up slightly, intraday transaction factors are weekend factors, did not see the price factor
    driven.

    On Friday, the main contract of Shanghai aluminum was changed to the 1802 contract, in the inventory pressure is still large, consumer demand is difficult to improve, electrolytic aluminum enterprises cost side has further room to move down, although the bulls have signs of bargain buying, but the short force is far less than the long-term and coverage of the short layout, aluminum prices are easy to fall and difficult to rise logic to maintain, but the downward range and speed may slow down, it is expected that next week the Shanghai aluminum 1802 contract will run at 14400 ~ 14800 yuan / ton
    .

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